MAMMOTH LAKES
MARKET TRENDS REPORT
October 1, 2025
How do values and rents in Mammoth Lakes compare to the rest of California?
Single Family Homes for all of California
2024: $865,000
YTD 2025: $899,140
Difference: 3.94% Increase
According to the California Association of Realtors (C.A.R.), the median price for existing single-family homes in California as of August 2025 was $899,140, up 1.7% from July 2025 and 1.2% from August 2024. This is the latest monthly figure available as of September 25, 2025, and C.A.R. reports do not typically include a separate year-to-date median price; instead, they focus on monthly medians and year-to-date sales volume (which was down 0.4% through August). Data is compiled from over 90 local REALTOR® associations and multiple listing services. According to the California Association of Realtors (C.A.R.), the current median monthly mortgage payment for a single-family home in California is $5,810 as of the second quarter of 2025.
Condominiums for all of California
2024: $650,000
YTD 2025: $670,000
% Difference: 3% Increase
According to the California Association of Realtors (C.A.R.), the median price for condominiums and townhomes in California was $670,000 in the second quarter of 2025. This figure is used in C.A.R.’s housing affordability index calculations for that period, where 25% of home buyers could afford the median-priced condo or townhome, requiring a minimum annual income of $172,000 for the monthly payment of $4,300 at prevailing interest rates. C.A.R. reports do not typically provide a separate year-to-date median price for condos; instead, they focus on quarterly medians and year-to-date sales volume. Data is compiled from over 90 local REALTOR® associations and multiple listing services
Single-Family Homes Market Overview
As of October 1, 2025, the median price for single-family homes in Mammoth Lakes is a little bit higher than last month. In 2024, the median price was $1,300,000, based on 57 home sales. Year-to-date figures for 2025 indicate a median price of $1,325,000, derived from 46 sales. Notably, August recorded seven home sales, with the same median price as the previous month.
Single-Family Residential History Mammoth Lakes
Here’s a summary of median prices, average prices, and sales over the years:
The graph below is a representation of the median single-family home pricing reflecting the table above:
Median Home Pricing Trends
The graph below illustrates monthly fluctuations in median single-family home prices for 2024 and 2025. Throughout 2024, prices generally trended downward. However, February 2025 experienced a significant uptick, primarily due to several high-end sales exceeding $3 million. In September, the median price reached $1,500,000. This figure is based on three transactions, highlighting the impact that limited volume can have on monthly median prices.
Below is a summary of available (active) home listings at the beginning of each respective month:
Inventory Levels
The inventory of single-family homes decreased a little in comparison with last month, reaching 23 active listings. This marks the second consecutive month of decline since March, indicating a gradual shift toward a more balanced market. This trend aligns with national patterns, affording buyers more options and reducing competitive pressure.
Price Per Square Foot
Analyzing the median price per square foot offers valuable insights into long-term market trends. The chart below presents the median price per square foot for single-family homes from 2014 to the present, illustrating how home values have evolved over the past decade.
The median price per square foot has increased from 2014 to 2025, with slight dips observed in 2023 and 2024.
Condominium Market Overview
In 2024, the median sales price for condominiums in Mammoth Lakes was $725,000. As of October 1, 2025, this figure has risen to $806,500. While this represents a substantial year-over-year increase, it’s consistent with the previous month’s figures. The current median price suggests a trend toward more typical market conditions, reflecting a steadier growth trajectory.
Condominium Market History
Here’s a summary of the condominium market trends over the years:
The graph below is a representation of the median condominium pricing table above:
The chart below reflects monthly fluctuations in median condominium sale prices from July 2024 through present. Overall, the data shows a volatile market with a mix of seasonal shifts, low sales volume influence, and one-off high-end transactions.
Median prices remain elevated compared to mid-2024, but recent months suggest a stabilizing trend around the mid-$700,000s to low-$800,000s range.
Inventory Levels
Active condominium listings decreased to 109 units compared with last month. While inventories had been holding steady, current levels are decreasing a little bit.
Price Per Square Foot for Condominiums
Here is a summary of the median price per square foot for condominiums:
Below is a representation of the table above:
Vacant Residential Land Market
In 2024, the median land price dropped sharply by 28.4% to $340,000, reflecting a significant correction after a strong 2023. However, as of year-to-date 2025, the market shows modest recovery, with a 5.59% increase in the median price to $312,500. Overall pricing remains well below 2023 levels, and price per square foot has decreased. There were 2 land sales in the month of September 2025.
Land Sales History
Here’s a summary of land sales trends:
Below is a graph reflecting the table above:
Featured Listings
Want a condo in the heart of all that Mammoth has to offer? Then you need to be in the beautiful Village at Mammoth! This 2 bed, 2 bath unit is located near the impressive main entrance and front desk where a concierge and full staff can help with all of your vacation needs.
Listed at $1,025,000
Cozy 2 bedroom condo with a private detached garage, right on the free shuttle line that will take you to skiing, golfing, or shopping in minutes! This condo has so much potential for you to make it your own, with nice sized rooms, a larger bathrooms, and an open living space
Listed at $495,900
Arguably the most unique property in Mammoth Lakes. Lakefront, fee simple ownership, and is surrounded by expansive Forest Service lands. The 1.72-acre property is zoned Resort (R), offering many existing and potential uses: general store, weddings, boat rentals, and potential for lodging and restaurant operations. Seasonal water rights may exist.
Listed at $4,000,000
Beautifully remodeled 4 bedroom, 2.25 bath home that is walking distance to tons of downtown Mammoth amenities! So much style and space, both inside and out, from the gorgeous herringbone tile entry to the extended deck that wraps around the unit.
Listed at $950,000
Formerly Slocums Grill and Bar, operated for more than 33 years; One of the best restaurant locations in Mammoth Lakes, situated on the south site of Main Street with 100 feet of frontage. High demand for restaurants in Mammoth. Mammoth Has lost over 8 restaurants to new development, leaving a void for quality dining.
Listed at $1,250,000
