Market Report: September 2025
MAMMOTH LAKES
MARKET TRENDS REPORT
September 1, 2025
Single-Family Homes Market Overview
As of September 1, 2025, the median price for single-family homes in Mammoth Lakes is the same as last month. 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 43 sales. Notably, August recorded seven home sales, with the same median price as 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 August, the median price reached $1,175,000. 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 decreased a little in comparison with last month, reaching 30 active listings. This marks the first month decreasing after March, 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 September 1, 2025, this figure has risen to $810,250. While this represents a substantial year-over-year increase, it’s consistent with the previous month’s figures. 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.
Inventory Levels
Active condominium listings decreased to 127 units compared with last month. While inventories had been holding steady, current levels are decreasing a little bit.
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 a 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 were NO land sales in the month of August 2025.
Land Sales History
Here’s a summary of land sales trends:
Below is a graph reflecting the table above:
Featured Listings
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
Formerly Slocums Grill and Bar, operated for more than 33 years; One of the best restaurant locations in Mammoth Lakes, situated on the south site of Main Street with 100 feet of frontage. High demand for restaurants in Mammoth. Mammoth Has lost over 8 restaurants to new development, leaving a void for quality dining.
Listed at $1,250,000
