Sales continue to surge! SFR prices hit a yearly high!
SFRs
August 2025’s SFR sales came in at 27 homes sold—more than double July’s sales. Year-over-year, August sales were up a staggering 107.7%!
2025’s YTD unit sales are outpacing 2022’s, 2023’s, and 2024’s unit sales for the same time period.
August’s median sales price for SFRs rose to $2,700,000—an 8.0% increase month-over-month. Year-over-year, August’s median sales price is up a remarkable 22.7%.
The median list price for SFR homes in August 2025 was $2,900,000, yielding a sold-to-list price ratio of 93.1%.
August’s median DOM (days on market) came in at 81 days. This number is a noteworthy 23 days greater than July’s median DOM of 58 days, and is 15 days longer than August 2024’s median DOM of 66 days.
Available inventory sits at 100 SFRs for sale—a 5.7% decrease from last month’s available SFR inventory, as well as a 5.7% decrease from this time last year.
With sales substantially up August’s MSI (months supply of inventory) has receded to a 3.7 months supply—returning to a “Sellers Market.”
Pending sales currently sit at 18 listings under contract—5 fewer than this time last month, and 3 fewer than this time last year. Pending sales represent homes that have accepted offers and are under contract, but the sale has not closed.
Condo/Townhomes
Turning to the condo/townhome market, a noteworthy 19 condos/townhomes sold in August. This number is 4 more than July’s 15 condo/townhome sales, and is 9 more than August 2024’s sales.
The median sales price for condos/townhomes fell to $775,000 in August. That number represents a 22.1% decrease from July’s condo median sales price, and is down 20.5% year-over-year.
The median list price for condo/townhomes in August 2025 was $774,500—resulting in a sold-to-list price ratio of nearly 100%.
August’s median DOM (days on market) fell to 75 days for the month. For comparison, July’s condo DOM was 94 days, and August 2024’s median DOM was 74 days.
Available inventory sits at 81 condo/townhomes for sale—4 fewer than this time last month, but up 5.2% year-over-year.
As observed with SFRs, the increasing condo/townhome unit sales are resulting in a declining MSI (months supply of inventory). August’s MSI currently sits at a 4.3 months supply—indicating a “Balanced Market.”
Pending sales currently sit at 17 listings—3 fewer than this time last month; and 1 fewer than this time last year.
August’s data paints a picture of a dynamic and highly active market, defined by powerful sales momentum. The significant jump in single-family home sales and a new high for the median price demonstrates renewed buyer confidence and a strong return to a “Sellers Market.” This is in stark contrast to the condo market, where a notable price adjustment appears to be driving a surge in sales, bringing it back to a “Balanced Market” status. As we move into the fall season, the interplay between these diverging trends—a strong SFR market and a price-sensitive condo market—will continue to define the opportunities for both buyers and sellers in Incline Village and Crystal Bay. Stay alert!
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Data courtesy of the Incline Village REALTORS® and its Multiple Listing Service as of September 16, 2025. Note: This information is deemed reliable, but not guaranteed.