Mammoth Lakes Real Estate Market Report September 2026
Single-Family Homes Market Overview
As of September 1, 2026, year-to-date single-family activity still shows elevated pricing, even as the median has eased for a second month. Forty homes have closed at an average of $1,992,100 and a median of $1,737,500; 33.7% above the 2025 full-year median of $1,300,000, but down from the $1,775,000 median reported through August 1 on 32 sales. Days on market averaged 125, little changed and consistent with a selective, higher-price buyer pool. Sales volume through this point remains roughly in line with the same period in 2025.
The stepwise decline in the year-to-date median since early 2026 still looks more like a mix shift than a broad price reset. An unusually large share of high-end sales closed in the first half of the year; as more mid-range transactions have recorded, the overall median has moderated while remaining well above last year’s level.
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
Single-family inventory continues to follow a clear seasonal pattern: relatively tight from January through May, then a summer build. As of September 1, there are 28 active listings, up from 26 on August 1 but still below the 30 listings counted on September 1 last year. The seasonal peak arrived a bit earlier this year and has already begun to ease. Supply remains constrained compared with historical non-peak periods and continues to support the elevated pricing seen in year-to-date sales as the market moves through the second half of the summer selling season.
Condominium Market Overview
Through September 1, 2026, 162 condominiums have closed at an average price of $942,242 and a median of $799,000. That median now sits 0.5% above the 2025 full-year figure of $795,000; a modest rebound from the $782,500 year-to-date median reported last month. Days on market average 109, a more deliberate pace than the rapid turnover of the peak pandemic years. Sales volume remains solid and tracks recent seasonal norms.
Condos still offer a more attainable entry point into the Mammoth Lakes market. After a brief dip earlier in the year, the year-to-date median has firmed, even as buyers encounter somewhat more selection than they did in the first half of 2026.
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 typically stays modest through the first half of the year before climbing in summer. As of September 1, 2026, active listings stand at 91 units, down from 106 on August 1 and well below last September’s 127. The usual mid-summer build has been more restrained this year, leaving supply at a moderate level heading deeper into the peak season.
Summer remains the most active time to list, with October often among the strongest months for escrow closings.
To compare these numbers please visit our previous Market Reports:
Mammoth Lakes Real Estate Market Report August 2026 – Mammoth Lakes CA Homes for Sale – Matthew Lehman Real Estate
Mammoth Lakes Real Estate Market Report July 2026
