Lake Tahoe Real Estate Market Update – June 2025
Exploring Trends and Shifts Across the Basin
As we welcome the warmth and vitality of summer 2025, it’s the perfect time to check in on what’s happening in the Lake Tahoe real estate market. Long revered for its crystal-clear waters, alpine charm, and four-season lifestyle, Lake Tahoe continues to draw interest from both primary homebuyers and second-home seekers. But how is the market performing in the face of economic headwinds, shifting buyer behaviors, and regional fluctuations?
Here’s a deep dive into the latest data from around the lake, broken down by region, with key takeaways for both buyers and sellers.
📍 South Lake Tahoe
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Median Sales Price: $680,000 — ↓ 5% year-over-year
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Average Days on Market: 73 — ⬇️ 2 days faster than last summer
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Homes Sold: 36 — ↓ 12% compared to May 2024
South Lake Tahoe is showing a moderate softening in price points, with the median sales price down 5% from a year ago. While this indicates some cooling, the slight acceleration in time-to-sale (73 days on average, two days faster than last year) suggests continued buyer activity, especially at competitive price points. The 12% dip in sales volume could be attributed to constrained inventory or more cautious buyer behavior amid rising borrowing costs. For sellers, pricing strategically is key. For buyers, opportunities may exist as prices recalibrate.
📍 East Shore (Nevada Side)
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Median Sales Price: $1.5 million — ↓ 28% year-over-year
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Average Days on Market: 56 — ⬇️ Homes selling 83 days faster than last spring
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Homes Sold: 4 — ↓ 60% from June 2024
The East Shore market is one of the most striking stories this month. While the median price has dropped significantly (down 28%), homes are selling substantially faster—by nearly three months. This dramatic improvement in market velocity suggests that well-priced listings are getting scooped up quickly, likely due to motivated buyers acting on limited inventory. However, with only four homes sold, volume remains extremely low, which means averages may be skewed by a few outliers. Still, the data points to a leaner, more competitive landscape—especially for luxury properties under $2M.
📍 North Lake Tahoe & Truckee
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Median Sales Price: $1.1 million — ↓ 17% year-over-year
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Average Days on Market: 48 — ⬇️ 3 days faster than last spring
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Homes Sold: 67 — ↓ 11.8% from June 2024
The North Shore and Truckee region continues to be a focal point for buyers seeking mountain living with modern amenities. While prices have dipped 17%, the drop appears to be in line with broader market corrections across the Sierra region. Homes are still moving steadily, with time on market improving slightly. Sales volume is down just under 12%, indicating a more balanced—rather than sluggish—market. Buyers may find more room for negotiation, while sellers should ensure properties are well-prepared and priced to align with recent comps.
📍 Incline Village & Crystal Bay
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Median Sales Price: $2.2 million — ↑ 0.8% year-over-year
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Average Days on Market: 44 — ⬇️ 33 days faster than last May
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Homes Sold: 15 — ↓ 0.6% compared to last year
In contrast to other areas around the lake, Incline Village and Crystal Bay are holding their value—and even posting a modest gain in median sales price. Homes are selling significantly faster, with the average days on market down by more than a month. While total sales dipped very slightly, the data overall points to a resilient high-end market. Nevada-side tax advantages, combined with the prestige and exclusivity of Incline, are likely helping sustain demand even as other luxury segments face corrections.
Market Takeaways – June 2025
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Pricing Pressure: Most sub-markets saw year-over-year declines in median sales prices, suggesting buyers are exercising more caution, especially in the $1M+ range.
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Faster Sales: Across all regions, homes are selling quicker than last year, a clear sign that serious buyers remain active and ready to transact.
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Lower Volume: Overall transaction volume is down across the basin, a reflection of both limited inventory and evolving buyer strategies.
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High-End Resilience: Incline Village continues to buck downward trends, with stable pricing and improving velocity—indicating sustained demand for premium properties with favorable tax implications.
Final Thoughts
While the Lake Tahoe market has adjusted in terms of pricing, the consistent reduction in days on market is an encouraging signal. Buyers are still eager, but they’re selective—prioritizing well-priced, well-presented homes in desirable locations. For sellers, this means success lies in preparation, presentation, and strategic pricing. For buyers, opportunities exist to enter a cooling market with greater leverage than in previous summers.
As always, local market expertise matters. Whether you’re considering buying, selling, or simply watching the market, I’m here to help you navigate the Lake Tahoe real estate landscape with confidence.
Thank you for joining me for the Lake Tahoe Real Estate market- June 2025. Whether you are thinking about purchasing, selling, or investing in real estate in the Lake Tahoe area, it’s essential to stay updated on market trends and collaborate with a well-informed local real estate agent to make informed choices. I am always available to offer you expert advice and tailored assistance to help you navigate the intricacies of the market. Contact me any time. To delve into the Tahoe market deeper, check out these more detailed neighborhood market reports.
Stay tuned for next month’s update—and until then, enjoy summer in the Sierra!
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