Mammoth Lakes Real Estate Market Report June 2026
For Lease
Home in Majestic Pines – Mammoth Lakes
4 Bedroom | 3 Bathroom $5,600/month | Fully Furnished | Year-Round Lease
Spacious family home in the quiet, tree-lined Majestic Pines neighborhood. Walkable to Eagle Lodge & Chair 15, perfect for ski season and year-round mountain living.
Property Highlights
- 4 generous bedrooms + 3 full bathrooms
- Large single-car garage (secure parking + storage)
- Open living/dining areas
- Functional kitchen with ample storage
- Mostly furnished and move-in ready
- Convenient access to town, schools & shopping
Rental Details
- Rent: $5,600 per month
- Lease: 12 months preferred
- Utilities: Tenant pays all
- Pets: Case-by-case
- Smoking: Not permitted indoors
Ideal for: Workforce employees, families, and local residents seeking stable mountain housing.
Single-Family Homes Market Overview
The single-family home market in Mammoth Lakes continued its strong long-term appreciation trend, but 2026 has brought an extraordinary surge in pricing. From 2016 to 2025, median prices roughly doubled, rising from $721,500 to $1,300,000. However, year-to-date 2026 data shows a dramatic acceleration, with the median sale price reaching $2,260,000 a remarkable 73.85% increase compared to the full-year 2025 median.
Key 2026 YTD Metrics (as of June 1):
- 24 sales closed (on pace with the same period last year)
- Average sale price: $2,376,458
- Median sale price: $2,260,000 (+73.85% from 2025)
- Average Days on Market: 132
This represents the highest median price level in the history of the data set by a significant margin. While transaction volume remains consistent year-over-year, the sharp rise in prices suggests either a shift toward higher-end properties selling or strong upward pressure on values in the luxury and larger family-home segments.
The graph below is a representation of the median single-family home pricing reflecting the table above.
Single-Family Residential History Mammoth Lakes
The graph below is a representation of the median single-family home pricing reflecting the table above:
Inventory Levels
Inventory remains seasonally low at 24 active listings as of June 1, 2026. This aligns with the typical spring pattern (historically 16–20 units from January through June) and is well below the summer peak of approximately 31 units in August. The current supply level, combined with elevated pricing, points to a seller-friendly environment for single-family homes.
Condominium Market Overview
The condominium market in Mammoth Lakes demonstrated solid long-term growth from 2014 to 2025, with median prices rising from $295,000 to a peak of $795,000. Year-over-year gains were particularly strong in 2021 (+27.37%) and 2022 (+24.79%), with marketing times generally improving over the past decade.
As of June 1, 2026, the condo market remains relatively stable:
- 90 sales closed YTD (consistent with the same period in 2025)
- Average sale price: $883,773
- Median sale price: $783,500 (-1.45% from 2025)
- Average Days on Market: 97 (improved vs. 110 in 2025)
While the median price has pulled back slightly, the overall market shows resilience with quicker absorption times compared to last year. This suggests healthy demand, particularly for well-priced properties in desirable locations.
The graph below is a representation of the median condominium pricing table above.
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:
Inventory Levels
Condominium inventory stands at 95 units as of June 1, 2026. This reflects the expected seasonal uptick from winter lows but remains below the typical summer peak of 127–129 units in August and September. The market appears balanced, with sufficient selection for buyers without being oversupplied.
