Real Estate Prices 2021 – Mammoth Lakes
Single Family Homes
The median sales price for a single-family home, Year-to-Date (YTD) in 2021, is $1,284,657 (up 45% vs. 2020), this YTD figure has dropped 3% since last month’s YTD analysis. In 2020 the single-family home market in Mammoth Lakes produced a total of 126 sales and a median price of $885,000. The YTD median price is based on 98 sales.
The graph below is a representation of the median single-family home pricing taken from table above:
Some of our clients have asked for a current breakdown of home sales by month, so we have produced this year-to-date chart for 2021. Median home prices were up in the early part of 2021, and we have observed slight declines since April 2021. Recent declines could be attributed to seasonality as well as general market changes.
Condominium Market
The Year-to-Date (YTD) median price for a condominium in Mammoth Lakes is $595,000, which is 32% higher than the median price observed for all of 2020. This median price was determined through 347 sales YTD, compared to 442 sales for all of 2020. This month’s YTD prices are $4,000 less than last month’s YTD median price. The YTD price per foot ranges from $335 to $1,000 with a median price per foot of $525.
The graph below is a representation of the condominium pricing table above:
As with single family homes, we have also produced a median market pricing for condominiums on a month-by-month basis. Condominiums have seen a steady increase through most of 2021 with a $4,000 decline in September 2021.
Vacant Residential Land Market
The Year-to-Date (YTD) median price for a residential lot in Mammoth Lakes is $375,000, which is 18% higher than the median price observed for all of 2020. This median price was determined through 37 sales YTD, compared to 30 sales in 2020. This month’s YTD prices are 5% greater than last month’s YTD median price. The YTD price per foot for a vacant lot is $27.
Below is a graph showing the sales activity for vacant residential lots in Mammoth Lakes. Year to date land sales activity has already surpassed sales activity for any given year over the prior 10 years.
Looking for a home or condo in Mammoth. Here are a few quick searches to help you see what is available today:
Neighborhood Search: Search homes for sale in specific areas of Mammoth
Condominium Search: Search specific projects or areas for condominiums in Mammoth
