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.
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.
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.
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