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Mammoth Lakes
Market Report

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February 2025

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Single-Family Homes

[/et_pb_text][et_pb_image src="https://homesmammoth.com/wp-content/uploads/2025/02/Market-Report-February-2025.pptx-1-Copy-1.jpg" title_text="Market Report – February 2025.pptx (1) – Copy" show_in_lightbox="on" align="center" _builder_version="4.27.5" _module_preset="default" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" alt="Single-Family Homes" sticky_enabled="0"][/et_pb_image][et_pb_image src="https://homesmammoth.com/wp-content/uploads/2025/02/Market-Report-February-2025.pptx-1-1.jpg" title_text="Market Report – February 2025.pptx (1)" show_in_lightbox="on" align="center" _builder_version="4.27.5" _module_preset="default" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" alt="Single-Family Homes Median Price" sticky_enabled="0"][/et_pb_image][et_pb_text _builder_version="4.27.4" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"]

There have been only 2 home sales thus far in 2025 and therefore the dataset is not large enough to provide a true indication of broader market behavior.  As additional data presents itself in future months, greater support will be given to market attitudes. 

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Inventory Levels

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The number of active listings in February remained consistent with the month prior while the median price per square foot dropped to $517. Keep in mind the median price year-to-date is based on only 2 sales so larger deviations to Year-To-Date figures are not unusual.

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Condominium Market Overview

[/et_pb_text][et_pb_image src="https://homesmammoth.com/wp-content/uploads/2025/02/Market-Report-February-2025.pptx-3-Copy-1.jpg" title_text="Market Report – February 2025.pptx (3) – Copy" show_in_lightbox="on" align="center" _builder_version="4.27.5" _module_preset="default" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" alt="Condominium Market Overview" sticky_enabled="0"][/et_pb_image][et_pb_image src="https://homesmammoth.com/wp-content/uploads/2025/02/condo-graph-1.png" title_text="condo graph" show_in_lightbox="on" align="center" _builder_version="4.27.5" _module_preset="default" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" alt="Condo Median Price" sticky_enabled="0"][/et_pb_image][et_pb_text _builder_version="4.27.4" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"]

There have been 11 condominium sales in 2025 thus far.  These sales are indicating a 48% increase in median price vs. the median price for all of 2024. This jump in median price is attributed to the limited sales so far this year, and the sale of several condominiums over $2,000,000. 

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Inventory Levels

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The number of condominium listings has remained consistent in 2025 with 56 active listings at the beginning of January and February. The Median Price per square foot was notably higher, attributed to several high-end townhome sales in February.  Pending condominium sales suggest median prices may remain high into the summer months.  These pending sales are of new Townhomes.

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Vacant Land

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Because it is so early in 2025, there are very limited sales reflecting market activity.  Year-to-Date there has been only 1 residential land sale in Mammoth.  Residential development has been relatively steady in recent years, shrinking the number of vacant residential lots available for purchase and future development.  This will likely lead to increased desirability, and pricing, for the remaining lots.

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Featured Listings

[/et_pb_text][et_pb_image src="https://homesmammoth.com/wp-content/uploads/2025/02/165-Old-Mammoth-Road-1.png" title_text="165 Old Mammoth Road" show_in_lightbox="on" _builder_version="4.27.5" _module_preset="default" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" alt="165 Old Mammoth Road #89" sticky_enabled="0"][/et_pb_image][et_pb_text _builder_version="4.27.4" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"]

165 Old Mammoth Road #89 – Beautifully remodeled turnkey condo in downtown area with one bedroom and a loft, with two bathrooms. The kitchen has granite slab counters, newer floors and cabinets. Freestanding pellet stove in living room, state of the art kitchen with a great entertaining feel.  Offered at $540,000.

[/et_pb_text][et_pb_image src="https://homesmammoth.com/wp-content/uploads/2024/12/3221-Main-Street-1.png" title_text="3221 Main Street" show_in_lightbox="on" align="center" _builder_version="4.27.5" _module_preset="default" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" alt="3221 Main Street" sticky_enabled="0"][/et_pb_image][et_pb_text _builder_version="4.27.4" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"]

3221 Main Street (Former Slocums)! – Restaurant demand in Mammoth is high with the loss of so many restaurants to new development, and this demand is only going to increase with so many new developments taking place throughout town.  This property is nearly 5,000 square feet of restaurant space, .5 acres of land, 35 onsite parking spaces. Offered at $1,250,000.  THE LISTING PRICE OF THIS PROPERTY INCLUSED A TYPE 47 LIQUOR LICENSE.  Sale Pending

[/et_pb_text][et_pb_image src="https://homesmammoth.com/wp-content/uploads/2025/02/26-Sugar-Pine-Drive-1.png" title_text="26 Sugar Pine Drive" show_in_lightbox="on" _builder_version="4.27.5" _module_preset="default" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" alt="26 Sugar Pine Drive" sticky_enabled="0"][/et_pb_image][et_pb_text _builder_version="4.27.4" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"]

26 Sugar Pine Drive – Welcome to this gracious cabin-style home, perfectly situated on a spacious, level corner lot in one of Mammoth’s highly sought-after, quiet family neighborhood. This property boasts a fully landscaped yard and an expansive back deck, ideal for après-ski relaxation in the hot tub or summer and fall entertaining.  Offered at $1,870,000

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