Market Report: August 2025
MAMMOTH LAKES
MARKET TRENDS REPORT
August 1, 2025
Pokonobe Resort and Marina
The Pokonobe Resort and Marina is a legacy property stewarded through generations of family ownership. Over time, it has evolved into a cherished destination that has contributed to the region’s recreational and cultural fabric. Its rarity and historic significance transcend traditional valuation metrics—the current economics do not fully reflect the intrinsic value the property holds. For many, Pokonobe Resort and Marina is close to perfect as it stands, having served as the backdrop for decades of family memories. Click here to watch the Pokonobe Video.
For those with a new vision, the property offers an extraordinary canvas. The Pokonobe Resort and Marina is the only “fee simple” (private) lakefront property in the Lake Mary basin with Resort (R) zoning, delivering unmatched panoramic views and exclusive lake frontage on Lake Mary. This combination of attributes is virtually irreplaceable.
As Mammoth Lakes continues to grow as a premier year-round resort destination, demand is expected to rise for recreation, weddings, private events, and immersive nature-based experiences. The Pokonobe Resort and Marina stands at the intersection of history, natural beauty, and future potential, offering a truly one-of-a-kind opportunity for legacy stewardship or visionary development.
Now being offered at $4,000,000.
Single-Family Homes Market Overview
As of August 2025, the median price for single-family homes in Mammoth Lakes continues its upward trajectory, albeit at a milder pace. 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 $1,300,000, derived from 36 sales. Notably, July recorded seven home sales, with the median price decreasing by $75,000 compared to 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 July, the median price reached $1,139,000. This figure is based on seven 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 has continued its upward trajectory, reaching 31 active listings. This marks the fifth consecutive month of inventory growth, 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 August 1, 2025, this figure has risen to $803,250. While this represents a substantial year-over-year increase, it’s a moderation from the previous month’s spike, which was influenced by several high-end sales in the Reserve development. 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. Due to low sales volume, monthly medians are highly sensitive to the type and quality of units sold.
Inventory Levels
Active condominium listings have reached a new 12-month high of 126 units. While inventories had been holding steady, current levels are increasing.
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 an 5.59% increase in the median price to $359,000. Overall pricing remains well below 2023 levels, and price per square foot has decreased. There was just 1 land sale in the month of July 2025.
Land Sales History
Here’s a summary of land sales trends:
Below is a graph reflecting the table above:
Featured Listings
Winterset #3 – This oversized 2 bedroom + loft townhome is the peaceful mountain escape you’ve been looking for! The Winterset complex has a park-like setting and this floor-plan allows for the privacy of no neighbors above or below you.
Listed at $899,000.
Bright and updated 2-bedroom condo, less than half a mile from the chairlifts at Canyon Lodge! This lovely, two-story floor plan has an open main floor with entertaining space in the kitchen, dining, and living rooms. Enjoy your sunny, south-facing balcony with views of Mammoth Mountain Ski Area right off the dining room.
Listed at $595,000
Unit will be sold mostly furnished, excluding 5 chairs (2 brown club chairs, 1 black recliner, and 2 black cowhide sling chairs). A full inventory list will be available soon. The seller has not actively rented the condo, so there is no income history.
Listed at: $899,900
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
Incredible location on Main Street (Highway 203) in the heart of Mammoth Lakes. This highly visible commercial property offers 102 feet of frontage along Main Street’s northern frontage road with excellent southern exposure, great visibility, and both on-site and off-site parking
Listed at $950,000
