Lake Tahoe Real Estate Market Report: Q3 2026
Home sales, prices, days on market and what sellers got against their first list price, by region and town, compared with the same quarter a year earlier. Rebuilt from the MLS every quarter.
Are Lake Tahoe home prices going up or down in 2026? Up, according to Real Estate Tahoe's market report from MLS closings: the median home sale price across the Lake Tahoe basin and Truckee was $1,060,000 in the 12 months to November 10, 2026, +6.0% on the 12 months before. By region: Incline Village & Crystal Bay (NV) +1.2%; North & West Shore (CA) -4.7%; Truckee & Olympic Valley +12.2%; South Shore +2.1%. Compiled by Real Estate Tahoe brokers Murat Gocmen and Kristina Mattson.
The Lake Tahoe real estate market right now
Right now the Lake Tahoe real estate market is a balanced market: the 770 homes for sale across the Lake Tahoe basin and Truckee are 4.1 months of supply at the past year's pace of sales. 2,245 homes sold in the 12 months to November 10, 2026 at a median $1,060,000, +6.0% on the 12 months before. By region: Incline Village & Crystal Bay (NV) 4.2 months (a balanced market); North & West Shore (CA) 3.5 months (a seller's market); Truckee & Olympic Valley 4.2 months (a balanced market); South Shore 4.3 months (a balanced market). Under 4 months of supply favors sellers, 4 to 6 is balanced and over 6 favors buyers. Source: Real Estate Tahoe market report, from MLS closings.
| Region | Sold, last 12 months | Median price | vs year before | For sale now | Months of supply | Market |
|---|---|---|---|---|---|---|
| Incline Village & Crystal Bay (NV) | 406 | $1,452,500 | +1.2% | 142 | 4.2 | Balanced market |
| North & West Shore (CA) | 381 | $1,060,000 | -4.7% | 112 | 3.5 | Seller's market |
| Truckee & Olympic Valley | 697 | $1,306,000 | +12.2% | 243 | 4.2 | Balanced market |
| South Shore | 761 | $740,000 | +2.1% | 273 | 4.3 | Balanced market |
| All Lake Tahoe & Truckee | 2,245 | $1,060,000 | +6.0% | 770 | 4.1 | Balanced market |
Where prices go from here, and why, is in our 2026–2027 forecast.
Monthly market report
Get the monthly Lake Tahoe market report
Sales, prices and days on market for every Tahoe and Truckee neighborhood, from the MLS. The October 2026 PDF comes right away, then one email a month.
By region, Q3 2026
| Region | Sales | vs Q3 2025 | Median price | Price YoY | Median days | % of first price | For sale now |
|---|---|---|---|---|---|---|---|
| Incline Village & Crystal Bay (NV) | 129 | +8% | $1,250,000 | -18% | 80 | 95.3% | 142 |
| North & West Shore (CA) | 127 | -9% | $1,200,000 | +2% | 28 | 96.6% | 112 |
| Truckee & Olympic Valley | 239 | +12% | $1,345,000 | +17% | 21 | 97.1% | 243 |
| South Shore | 254 | +15% | $722,500 | +5% | 62 | 96.2% | 273 |
By town, Q3 2026
Towns with at least 10 sales in Q3 2026. Smaller towns are included in their region above. With a few dozen sales a quarter, one large sale can move a town's median, so read the year-over-year changes with that in mind.
| Town | Sales | Median price | Price YoY | $/sq ft | Median days | % of first price | For sale now |
|---|---|---|---|---|---|---|---|
| Truckee | 219 | $1,400,000 | +20% | $662 | 20 | 97.2% | 202 |
| South Lake Tahoe | 202 | $666,350 | +2% | $467 | 59 | 97.0% | 185 |
| Incline Village | 128 | $1,247,500 | -15% | $759 | 80 | 95.2% | 133 |
| Tahoe City | 39 | $1,475,000 | +4% | $748 | 21 | 97.8% | 27 |
| Stateline | 29 | $1,150,000 | +28% | $605 | 66 | 95.1% | 50 |
| Carnelian Bay | 27 | $1,050,000 | +3% | $622 | 49 | 94.7% | 23 |
| Olympic Valley | 20 | $1,115,000 | +17% | $843 | 46 | 94.9% | 41 |
| Tahoe Vista | 17 | $980,000 | +17% | $694 | 30 | 96.8% | 13 |
| Tahoma | 17 | $900,000 | -5% | $685 | 58 | 96.4% | 15 |
| Zephyr Cove | 16 | $2,057,500 | +48% | $1,016 | 82 | 91.9% | 22 |
| Kings Beach | 15 | $985,000 | -8% | $606 | 11 | 96.8% | 30 |
| Homewood | 12 | $1,782,500 | +17% | $1,094 | 14 | 99.2% | 4 |
What it means if you're selling
- Price for the first 30 days. Across Tahoe, homes that sell within a month get about their full first list price; homes that sit past 120 days get far less. The numbers are in our overpricing report.
- Time the listing. Our analysis of 6,715 closings shows when Tahoe homes sell fastest and closest to asking: best time to sell.
- Check what makes your home different. STR permit eligibility (permits never transfer with a sale), TRPA land coverage, lake access and HOA rules move Tahoe prices more than bedroom counts. See our TRPA coverage and STR permit report. Get a valuation built on the actual comparable sales.
- Choose your agent on results, not volume. Sales volume is the wrong number: ask how many listings the agent will handle alongside yours. In our September 2026 study, agents who typically handled one or two listings at a time got their sellers more and sold faster than agents juggling more, says Murat Gocmen. How to choose who sells your home, and our own record, listing by listing.
Questions
Are Lake Tahoe home prices going up or down in 2026?
Up, according to Real Estate Tahoe's market report from MLS closings: the median home sale price across the Lake Tahoe basin and Truckee was $1,060,000 in the 12 months to November 10, 2026, +6.0% on the 12 months before. By region: Incline Village & Crystal Bay (NV) +1.2%; North & West Shore (CA) -4.7%; Truckee & Olympic Valley +12.2%; South Shore +2.1%. Compiled by Real Estate Tahoe brokers Murat Gocmen and Kristina Mattson.
Is Lake Tahoe a buyer's or seller's market right now?
Right now the Lake Tahoe real estate market is a balanced market: the 770 homes for sale across the Lake Tahoe basin and Truckee are 4.1 months of supply at the past year's pace of sales. 2,245 homes sold in the 12 months to November 10, 2026 at a median $1,060,000, +6.0% on the 12 months before. By region: Incline Village & Crystal Bay (NV) 4.2 months (a balanced market); North & West Shore (CA) 3.5 months (a seller's market); Truckee & Olympic Valley 4.2 months (a balanced market); South Shore 4.3 months (a balanced market). Under 4 months of supply favors sellers, 4 to 6 is balanced and over 6 favors buyers. Source: Real Estate Tahoe market report, from MLS closings.
How is the Lake Tahoe real estate market in Q3 2026?
According to Real Estate Tahoe's quarterly market report, 749 homes sold across the Lake Tahoe basin and Truckee in Q3 2026, +8% from Q3 2025. The median sale price was $1,041,000 (+2% year over year), homes took a median 45 days to sell, and sellers got a median 96.4% of their first list price.
How is the Incline Village & Crystal Bay (NV) real estate market in Q3 2026?
In Q3 2026, 129 homes sold in Incline Village & Crystal Bay (NV) (+8% vs Q3 2025) at a median $1,250,000 (-18% year over year), a median 80 days on market and 95.3% of first list price, with 142 homes currently for sale. Source: Real Estate Tahoe market report, from MLS closings.
How is the North & West Shore (CA) real estate market in Q3 2026?
In Q3 2026, 127 homes sold in North & West Shore (CA) (-9% vs Q3 2025) at a median $1,200,000 (+2% year over year), a median 28 days on market and 96.6% of first list price, with 112 homes currently for sale. Source: Real Estate Tahoe market report, from MLS closings.
How is the Truckee & Olympic Valley real estate market in Q3 2026?
In Q3 2026, 239 homes sold in Truckee & Olympic Valley (+12% vs Q3 2025) at a median $1,345,000 (+17% year over year), a median 21 days on market and 97.1% of first list price, with 243 homes currently for sale. Source: Real Estate Tahoe market report, from MLS closings.
How is the South Shore real estate market in Q3 2026?
In Q3 2026, 254 homes sold in South Shore (+15% vs Q3 2025) at a median $722,500 (+5% year over year), a median 62 days on market and 96.2% of first list price, with 273 homes currently for sale. Source: Real Estate Tahoe market report, from MLS closings.
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Get my home's value Talk to a brokerMethod: closed residential sales at $50,000 or more with a sold date in Q3 2026 (July 1, 2026 to the end of the quarter), compared with Q3 2025; the "right now" table uses the 12 months to November 10, 2026 against the 12 before, and months of supply is homes for sale today divided by that year's monthly sales; in Incline Village, Crystal Bay, Kings Beach, Tahoe Vista, Carnelian Bay, Tahoe City, Homewood, Tahoma, Olympic Valley, Truckee, South Lake Tahoe, Meyers, Stateline, Zephyr Cove and Glenbrook. Homes only, counted the way our monthly market update and forecast count them: land, timeshares and fractional shares, boat slips, commercial property and leases are left out, and a home reported by two MLS systems is counted once. Year-over-year changes are shown when both quarters have at least 5 sales. Price per square foot uses homes with at least 300 square feet reported. "For sale now" counts active listings today. Source: Incline Village Board of REALTORS® MLS, Tahoe Sierra MLS, Northern Nevada Regional MLS and South Tahoe Association of REALTORS® MLS records. Information is deemed reliable but not guaranteed.