3rd Quarter 2025 Lake Tahoe Market Report
The 3rd Quarter 2025 Lake Tahoe Market Report is out showing transactions in North Lake Tahoe up 32% year over year. Sales across the region were robust and inventory is on the uptick. Buyers are finding more choices when shopping for a mountain home and sellers are still benefiting by stable prices.
After a slower start in 2025, due to low inventory, home sales were especially strong in August and September in the over $2 million price point.
North Shore Lake Tahoe
On the North Shore, 34% of the transactions were under $1 million. 40% were between $1 and $2 million, and 26% were over $2 million. The highest sale price for a property on the North Shore was $19,250,000.
There were 104 transactions, up 32% over the 3rd Quarter last year. The Median Sale Price was $1,875,000. Homes stayed on the market on an average of 65 days, selling at 96% of list price.
West Shore Lake Tahoe
The West Shore of Lake Tahoe had 93 transactions during the 3rd Quarter of 2025, up 3% compared to activity last year. The Median Sold price was $1,283,000 and the highest sale price was $27,500,000.
Homes remained on the market for an average of 55 days and sold at 96% of list price. Of the properties sold, 16% were under $1 million; 52% were between $1 and $2 million and 32% sold at prices over $2 million.
Incline Village and Crystal Bay
In Incline Village and Crystal Bay, Nevada, the Median Sale price was $2,141,000 with 117 transactions showing growth at 16% over the same period last year.
On average, homes sold after being on the market for 104 days and the highest sale price in this area was a whopping $37,500,000. Slightly lower than other Lake Tahoe markets, the sale to list price was at 93%.
Only 8% of properties that sold were below $1 million and 30% were between $1 and $2 million. The majority of the 117 transactions were over $2 million at 63% of all sales.
To view more areas and to see the full 3rd Quarter report, click here.
As we move into the 4th Quarter of 2025, we can expect sales activity to soften slightly during the shoulder season. As we ramp up to the 2025-2026 ski season, activity should pick back up. With a growing listing inventory, we may even see record sales numbers during the 1st Quarter of 2026.
If you are considering listing your property for sale, this is an excellent time, especially in the upper tiered price points where inventory is lower. Contact us today for more information about specific markets or for information on available homes for sale in Lake Tahoe and Truckee.
