Fresh Snow and a Cooler Market: Tahoe’s Winter Real Estate Snapshot
- Julie Malkin-Manning
- 19 hours ago
- 2 min read
Incline Village & Crystal Bay Real Estate Market Update | November 20, 2025
Winter has arrived in Lake Tahoe, laying a fresh blanket of snow over the Sierra and turning the peaks above Incline Village and Crystal Bay into sparkling, snow-capped sentinels. The air is crisp, evenings fall early, and both locals and visitors are seeking warmth beside glowing fireplaces as the region eases into the beauty of the winter season.
Mt. Rose Ski Tahoe, base elevation 8,600', announced they are opening Friday, November 21!
With Thanksgiving around the corner, Incline Village and Crystal Bay are fully embracing the holidays. Resorts and restaurants are preparing special Thanksgiving dinners, offering everything from elevated multi-course menus to cozy, family-friendly gatherings. Seasonal magic begins to return return along Tahoe Boulevard as local volunteers set up for the Northern Lights Festival including tree-lightings before Santa visits the village. Local businesses are also shifting into holiday mode, refreshing their shelves with new winter inventory. The Potlatch, a longtime Incline Village favorite, is especially vibrant this time of year, showcasing unique artisan and Native American jewelry—creating a natural “holiday jewelry show” atmosphere for gift-givers and collectors alike. You can visit their holiday jewelry show through the holiday season. Insider Tip: On Black Friday (November 28) The Potlach is offering 20% off many items in the store! What an easy way to shop local!
As the community transitions into this reflective and celebratory season, so too does the local real estate market. The cooling temperatures mirror a cooling market, marked by a noticeable drop in inventory. With fewer homes coming to market, we’re also seeing fewer price reductions. This is likely due to sellers adopting more realistic and strategic pricing from the start—an approach that becomes even more important heading into the holidays, when buyers traditionally shift their focus toward family gatherings, skiing, travel, and seasonal festivities rather than home shopping.
For the serious buyer, there are amazing options to explore. If you are interested in seasonal rentals and using your property part of the year, 866 Northwood Blvd Unit #6 is just perfect! Set above the year round flow of Wood Creek, you can enjoy early mornings with coffee and creek ambiance. Two large decks and a private patio provide the perfect privacy and a recent price drop at $789,000 to boot.
Overall, the combination of fresh snow, festive energy, and a more balanced, measured real estate landscape sets the stage for a calm and steady winter season in Incline Village and Crystal Bay.
This Week's Market Stats for Incline Village and Crystal Bay
Houses | Condos | PUDs | |
For Sale | 75 | 53 | 9 |
Under $1 million | 0 | 29 | 2 |
Median Price for Sale | $3,875,000 | $998,000 | $1,500,000 |
YTD Sales 2025 | 64 | 116 | 32 |
YTD Sales 2024 | 75 | 102 | 24 |
YTD Sales 2023 | 62 | 98 | 32 |
New Listings | 5 | ||
Price Reductions | 9 | ||
In Escrow | 9 | ||
Range in Escrow | $675,000 - $2,999,000 | ||
Closed Escrow | 5 |
Please keep in mind that these numbers are based on data from the Incline Village Board of REALTORS® or its Multiple Listing Service as of 11/19/2025
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