Avezta Realty International Corp.

Mammoth Lakes Real Estate Market Report

Executive Summary

DB
Dan Braun

The Mammoth Lakes, CA real estate market is currently classified as a buyer's market. The median asking price is $499K, down 22.0% over the past 30 days.

There are currently 9 active listings, representing 3 months of inventory.

Currently, listings spend an average of 72 days on market and the average price per square foot is $709.

Detached properties make up the largest share of the Mammoth Lakes market at 14% of active listings with an average price of $18K. Condo listings follow at 86% (avg $647K).

Sales Activity & Absorption

Volume

3
Sold (30d)
72
Avg DOM
0
New (30d)
0
New (7d)

Market Signals

6
Price Cuts (30d)
0
New (7d)
100%
Sell-Through
0
New (7d)

3 properties sold in the past 30 days, 6 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
3months
Seller's Market
Sell-Through Rate100.0%
Inventory Change (30d)0.0%
Site Active Listings9

With only 3 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $499K, 20% down, 25yr amortization
$2,322/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

This is currently a buyer's market with more negotiating power for purchasers. The Mammoth Lakes market currently has 9 active listings with a median price of $499K and 3 months of inventory.

  • Prices declining (-22% in 30 days)
  • High price reduction rate (67% of listings)
  • High sell-through rate (100%)
  • Slow-moving market (72 avg days on market)
  • Average price per square foot is $709

For Buyers

With more inventory and less competition, buyers in Mammoth Lakes have room to negotiate. Take time to compare options and don't rush — but be ready to act on well-priced properties.

For Sellers

With higher inventory, pricing strategy is critical. Price at or slightly below market value to attract attention. Ensure your listing stands out with quality photos and accurate details. 6 listings have reduced their price in the past 30 days. The current sell-through rate is 100%.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

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Homes for Sale in Mammoth Lakes9 active listingsCost of Living in Mammoth LakesHousing, rent & expensesSold Data in Mammoth LakesRecent sales & prices

Market data is calculated from active and recently sold MLS listings as of April 16, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.