Mammoth Lakes Real Estate Market Update – Year-End 2020

January 4, 2021

Real Estate

There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate market including median price, days on market and total inventory sold.

Below is a snapshot of the last several years of transactions closed and current inventory in Mammoth Lakes. Note that this report doesn’t include any of the outlying areas beyond Mammoth Lakes.

Mammoth Lakes Condos

	Through 12/31/20	2019	2018	2017	2016	2015	2014
Median* Sold Price	$475,000	$450,000	$402,500	$349,900	$299,750	$305,000	$292,500
Median* Days on Market	67	84	69	70	117	113	89
Total Condos SOLD	442	387	348	407	304	271	269

The median Mammoth Lakes condo price is up nearly 6% in 2020 as compared to 2019. Approximately 14% more condos sold in 2020, and those sold 25% more quickly than in 2019 (down 18 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTED	CONDOS
Median* Price	$485,000 ↑UP from $455,900 in November
Median* Days on Market	18 ↓DOWN from 36 in November
Total Available on Dec. 1**	25 ↓DOWN from 26 November

Download the year-end 2020 condo report.

Mammoth Lakes Single Family Homes

	Through 12/31/20	2019	2018	2017	2016	2015	2014
Median* Sold Price	$875,000	$767,625	$890,000	$750,000	682,500	694,400	$619,000
Median* Days on Market	82	113	113	131	132	165	145
Total SFH Sold	133	94	87	95	98	91	85

The median price of single family homes in Mammoth Lakes sold in 2020 is up 14% as compared to 2019. Approximately 41% more single family homes sold in 2020, and those sold 37% faster in 2020 than in 2019 (down 31 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTED	SINGLE FAMILY HOMES
Median* Price	$2,249,500 ↓DOWN from $2,349,000 in November
Median* Days on Market	63 ↓DOWN from 77 in November
Total Available on Dec. 1**	16 ↓DOWN from 19 in Nov

Download the year-end 2020 single family homes report.

*Median is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.