Incline Village & Crystal Bay Real Estate Update May 8, 2025

What’s Happening in the Market This Week?

If you’ve been keeping an eye on Incline Village and Crystal Bay real estate, you know this market always keeps us on our toes. Whether you’re buying, selling, or just browsing, we’re here to give you the inside scoop. Each month brings its own unique rhythm, and May is no exception!

Here’s what’s buzzing in the world of local real estate. Spoiler alert: condos are hot, and there’s a slight tempering in home sales compared to last year. But don’t worry, you’ll still find plenty of opportunities in our beautiful community!

This Week’s Market Highlights

✅ 8 New Listings

✅ 2 In Escrow

✅ 11 Price Adjustments

✅ 3 Closings

The latest stats paint a fascinating picture across houses, condos, and PUDs (Planned Unit Developments). Here are the highlights, straight from the MLS:

●      For Sale Right Now:

●      Houses: 50, with a whopping median price of $4,096,500.

●      Condos steal the show with 74 listings and a much gentler** median price of $999,000**.

●      PUDs are a boutique option as always, with just 10 listings and a median price of $2,010,000.

●      Under $1 Million:

Inventory under the $1 million mark is dominated by condos (38), while the higher-end homes and PUDs have just a couple or none in that range.

Now, here’s an interesting tidbit for you stats enthusiasts. Year-to-date (YTD) sales for 2025 inched downward compared to 2024 for houses and condos. Houses saw 23 sales, down from 31 last year. Condos closed 24 transactions, also fewer than the 31 in 2024. Yet, PUDs bucked the trend with 11 sales, giving us a curious peek into what local buyers are gravitating towards.

What does this tell us? The market might have cooled slightly in certain niches in light of economic conditions, but it’s still moving fast in others. Buyers and sellers alike need to stay sharp!

There’s no denying it, Incline Village just has that pull. Between clean air, a charming small-town vibe, and the sparkle of Lake Tahoe just steps away, it’s no wonder this area continues to draw buyers from all over.

Sure, sales numbers have taken a small dip this year, but don’t let that fool you. Incline Village and Crystal Bay remain top picks for buyers seeking not just a home, but a lifestyle. And when you balance the luxury end with options under $1 million, the term “something for everyone” truly applies here.

Here’s the inside scoop: Whether you’re after a quiet condo with nearby trails or a stunning lakefront escape, this market demands attention. Inventory shifts quickly, so staying in the loop and consulting with experts is a must.

Interested in Jumping Into the Market?

The Incline Village and Crystal Bay real estate market is as beautiful and dynamic as its surroundings. If your dream life involves sipping morning coffee with mountain views or ending your day with a sunset by the lake, now is the time to explore what’s out there.

Have questions or ready to start your search? Reach out today, and we’ll make sure you’re at the heart of the action. After all, life at the lake happens fast—but we’re here to make it an unforgettable transition for you!

Until next time, happy home hunting!

Real Estate Statistics for Incline Village & Crystal Bay

	Houses	Condos	PUDs
For Sale	50	74	10
Under $1 million	0	38	2
Median Price for Sale	$4,096,500	$999,999	$2,010,000
YTD Sales 2025	23	24	11
YTD Sales 2024	31	31	7
YTD Sales 2023	14	20	7
New Listings	8
In Escrow	2
Price Reductions	11
Range in Escrow	$525,000 - $2,299,000
Closed Escrow	3

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 05/8/2025