October 2025 Performance & Late-Year Outlook
October delivered another month of steady, confident performance across the Tahoe–Truckee real estate landscape. Buyer activity followed typical seasonal patterns, yet high-end demand and selective competition continued to shape this late-year stretch. With 136 single-family homes closing during the month, 2025 remains well ahead of last year’s cumulative pace.
Median sale price reached $985,000, while the average climbed to $1.71 million, underscoring the influence of continued luxury transactions and stable mid-tier demand. Homes spent a median of 51 days on market, reflecting sustained yet measured activity. Pricing accuracy remains healthy, with most listings trading within a few percentage points of asking—showing that sellers who align with current conditions continue to succeed.
Market by Price Tier
Trophy & Luxury Segments ($5M+)
The luxury tier delivered seven sales above $5 million, including a standout Martis Camp estate exceeding $18 million—the year’s highest sale to date. Activity remained centered in Martis Camp, Lahontan, and Juniper Creek Ranch, where buyers continue to prioritize new construction, privacy, and resort amenities. These lifestyle-driven purchases remain largely insulated from rate sensitivity, often executed as all-cash transactions driven by quality and scarcity.
Core Luxury ($1M–$5M)
The $1–$5M range accounted for 60 closings, maintaining the region’s most active segment. This tier continues to show disciplined engagement, with well-priced homes drawing multiple offers and properties positioned above market value seeing extended timelines.
Sub–$1M
With 69 closings, entry-level and smaller primary homes remain a meaningful share of total activity. Buyers in this tier remain motivated by long-term use and lifestyle rather than speculation, though affordability pressures continue to shape decision-making.
Key Metrics — Tahoe–Truckee (October 2025)
- Total Sales: 136
- Median Price: $985,000
- Average Price: $1.71M
- High-End Sales ($5M+): 7
- Median Days on Market: 51
- Average Price per Sq. Ft.: $690
Incline Village: Selective but Stable
Incline Village recorded few October closings, but several pending escrows and new luxury listings indicate renewed momentum entering November and December. Inventory remains exceptionally tight, as many lakefront owners opt to hold into early 2026 amid favorable pricing conditions.
Active listings continue to average above $4 million, with limited discounting. Buyer sentiment remains patient but positive, supported by scarcity, Nevada’s tax advantages, and the enduring appeal of the lakefront lifestyle.