Incline Village & Crystal Bay Real Estate Update May 27, 2025

This week, the Incline Village and Crystal Bay real estate market revealed a growing balance between buyers and sellers. New listings increased by an impressive 29% compared to last week, providing buyers with more choices than last year’s spring market. At the same time, price adjustments surged by 114%, indicating that sellers may be responding to increased buyer interest and adjusting pricing to remain competitive.

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Buyer activity saw an uptick as well, with our team engaging with both new and returning clients, many of whom are focused on negotiating favorable deals amidst high listing prices.

This Week’s Market Highlights

✅ 22 New Listings

✅ 11 In Escrow

✅ 15 Price Adjustments

✅ 6 Closings

A few closures stood out this week, including a unique fractional ownership sale at McCloud handled by a local agent (rather than a fractional ownership-focused company like Picasso). Additionally, a $4M+ home in The Glen sold off-market within just a few weeks of being listed as a For Sale By Owner (FSBO).

An increase in homes listed above $5,000,000 was also noted on the MLS this week. Whether these properties achieve their ambitious asking prices remains to be seen, as sellers may be aiming to attract out-of-town buyers motivated to secure Nevada residency for its tax benefits.

Our team will continue to monitor these developments closely as the market transitions into the summer season, keeping an eye on key trends and opportunities.

Real Estate Statistics for Incline Village & Crystal Bay

	Houses	Condos	PUDs
For Sale	73	79	6
Under $1 million	0	41	0
Median Price For Sale	$3,391,500	$999,999	$2,295,000
YTD Sales 2025	25	30	13
YTD Sales 2024	34	39	8
YTD Sales 2023	19	32	7
New Listings	22
In Escrow	11
Price Reductions	15
Range in Escrow	$625,000 - $3,750,000
Closed Escrow	6

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 05/27/2025