Incline Village & Crystal Bay Real Estate Market Report: Q3 2026

Incline Village & Crystal Bay Real Estate Market Report: Q3 2026

Incline Village and Crystal Bay real estate had a strong first nine months of 2026: 245 properties closed, the median sale price reached $1.598 million (up 11% from 2025), and sales volume hit $700 million, already ahead of all of 2025 ($695 million). Here is what the Incline Village MLS data for January through September means for buyers and sellers heading into winter.

Market overview: three quarters of strength

The first nine months of 2026 delivered:

  • 245 properties closed from January through September (homes, condos, freestanding condos and vacant lots)
  • A median sale price of $1,598,000, up 11% from $1,440,000 in 2025 and level with the 2024 high of $1,600,000
  • $700 million in sales volume, already above the $695 million recorded for all of 2025
  • 239 single-family and condo sales combined, up 11% from 215 in the same period last year

A handful of ultra-luxury transactions, led by a $46 million sale on Lakeshore Boulevard, helped lift those totals. They also show how much demand remains at the top of the Lake Tahoe market. Inventory is still limited, which continues to support pricing, and single-family homes are selling at 96% of list price (condos at 97%).

Single-family homes: how did Incline Village houses perform in 2026?

Single-family sales rose 12% to 130 homes through September, and the median price climbed 17% to $2.5 million.

January–September

2025

2026

Change

Homes sold

116

130

+12%

Median sale price

$2,145,500

$2,500,000

+17%

Average sale price

$3,213,988

$4,174,207

+30%

Average sale price per sq. ft.

$1,030

$1,103

+7%

Average days on market

104

104

0%

Sale price as % of list price

95%

96%

+1 pt

Demand is steady, especially for well-priced, well-presented homes. Buyers continue to prioritize quality, location and move-in-ready condition, and homes that check those boxes are moving at a consistent pace.

Condos: is Incline Village still an accessible way in?

Yes. Condo sales rose 10% to 109 through September, while the median price edged up just 2% to $950,000, making condos the more accessible entry point to the Incline Village market.

January–September

2025

2026

Change

Condos sold

99

109

+10%

Median sale price

$935,000

$950,000

+2%

Average sale price

$1,062,177

$1,344,624

+27%

Average sale price per sq. ft.

$704

$818

+16%

Average days on market

101

115

+14%

Sale price as % of list price

96%

97%

+1 pt

The gap between the median and the average comes from the top of the segment. Outside the lakefront, 100 condos closed at a median of $912,500, essentially flat with last year, so buyers shopping the middle of the market still have room to negotiate.

Lakefront: what happened at the top of the Lake Tahoe market?

Lakefront homes sold faster and closer to asking price, and lakefront condos set a new five-year high, with a median of $4.55 million.

January–September 2026

Sales (vs. 2025)

Median price (vs. 2025)

Days on market (vs. 2025)

Sale price as % of list (vs. 2025)

Lakefront single-family

5 (4)

$13,800,000 (−24%)

110 (189)

95% (88%)

Lakefront condos

9 (3)

$4,550,000 (+36%)

95 (93)

97% (95%)

The lakefront single-family median fell from $18.15 million to $13.8 million, but with only five sales the median shifts with whichever homes happen to trade. The more telling signals are that days on market dropped 42% and sellers received 95% of list price, up from 88%. The segment's top sale, $46 million on Lakeshore Boulevard, was up 23% from last year's high of $37.5 million. Among lakefront condos, nine closed (up from three) and the highest sale reached $10.65 million.

Neighborhood snapshot: which Incline Village neighborhoods moved fastest?

Eastern Slope led the year: single-family sales more than tripled from 5 to 16 and the median price rose 93% to $4,125,000. Millcreek, Ski Way, Lakeview and the Championship Golf Course sold fastest, all in about 70 days or less, while Jennifer took the longest at 171.

Single-family, Jan–Sep 2026

Sales (vs. 2025)

Median price

Change in median

Avg. days on market

Lakeview

10 (5)

$4,412,500

+16%

69

Eastern Slope

16 (5)

$4,125,000

+93%

102

Millcreek

7 (10)

$3,350,000

+24%

59

Ponderosa

9 (9)

$2,950,000

+26%

79

Lower Tyner

20 (12)

$2,687,500

+8%

99

Mountain Golf Course

10 (11)

$2,630,000

+28%

118

Championship Golf Course

7 (5)

$2,350,000

+115%

70

The Woods

12 (16)

$1,960,500

+21%

100

Upper Tyner

7 (5)

$1,825,000

+3%

95

Jennifer

14 (10)

$1,697,500

−12%

171

Ski Way

6 (6)

$1,400,000

+32%

67

Neighborhood medians can swing with a handful of sales. Apollo (4 sales), Central North and South (2) and Crystal Bay (1) are left out here because the samples are too small to read, and you will find them in the full report.

Outlook: what to expect this fall and winter

With three strong quarters behind us, we expect demand for Incline Village homes to continue through the end of the year:

  • Pricing: limited inventory and steady luxury demand could keep upward pressure on prices, especially at the high end.
  • Competition: winter buyers and sellers often face less competition, so timing and strategy matter.
  • Preparation: the first two weeks on the market are critical, and well-prepared, well-priced homes continue to sell closest to asking.

Lakeshore Realty is a family-owned brokerage that has worked this market through the 2008 recession and the surge of 2020. If you are thinking about buying or selling in Incline Village or Crystal Bay, call us at (775) 831-7000, stop by 954 Lakeshore Blvd., or request a complimentary home valuation. Our 40-page Insider Guide to Incline Village and Crystal Bay is also available at our office.

Frequently asked questions

What is the median home price in Incline Village in 2026?

Through September 2026, the median sale price across all property types in Incline Village and Crystal Bay was $1,598,000, up 11% from 2025. The single-family median was $2.5 million and the condo median was $950,000.

Is the Incline Village real estate market going up?

Yes. Through September 2026, 245 properties closed, sales volume reached $700 million (above all of 2025), and the single-family median rose 17%. Single-family and condo sales combined were up 11% from the same period last year.

How long does it take to sell a home in Incline Village?

Single-family homes averaged 104 days on market and condos averaged 115 days through September 2026. Homes in Millcreek, Ski Way, Lakeview and the Championship Golf Course neighborhoods averaged about 70 days or fewer.

Are homes in Incline Village selling for asking price?

Close to it. Single-family homes sold for 96% of list price on average and condos for 97%. Lakefront single-family homes improved to 95% of list price, up from 88% last year.

Is winter a good time to buy or sell in Incline Village?

It can be. Winter buyers and sellers often face less competition, so pricing and preparation matter more. A local agent can tailor a strategy to your neighborhood and property type.

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