Incline Village & Crystal Bay Market Report — September 2026

The Incline Village real estate market gained momentum in September 2026. Closed sales climbed to 44, up 12.8% year-over-year. Meanwhile, total sales volume surged to $107.7M, a striking 49.7% jump from last year. This volume spike outpaced the sales count notably. It reflects stronger activity at the high end, particularly among single-family homes.

Additionally, the combined median sale price reached $1,717,000, up 8.5% year-over-year and 15.6% month-over-month. Inventory, however, tightened considerably. Active listings fell to 133, down 21.8% from a year ago. As a result, months of supply dropped to 3.8, keeping conditions firmly in seller territory. On the other hand, median days on market rose 30.6% year-over-year to 81 days. So well-priced homes sell, but buyers are taking more time to commit.

The single-family market showed strong momentum in September 2026. The median sale price reached $2,650,000, up 1.0% month-over-month. More notably, prices climbed 33.2% year-over-year. Meanwhile, sales activity accelerated, with 19 closings marking a 26.7% jump from August.

Additionally, total sales volume surged to $73.9M, a 40.1% monthly gain. The average sale price of $3,891,202 sits well above the median. As a result, higher-end transactions clearly shaped the month’s activity. Furthermore, median price per square foot rose 5.3% to $976.

On the inventory side, active listings fell 18.8% to 69 homes. Consequently, months of supply tightened to 4.3, keeping the market near balanced. However, this level still leans toward sellers. Notably, the sale-to-list ratio held firm at 96.1%, reflecting steady seller pricing power. Therefore, buyers should expect limited negotiating room heading into fall.

The condominium market heated up in September 2026. Notably, sales climbed to 23, a sharp 43.8% jump both month-over-month and year-over-year. Meanwhile, the median sale price reached $1,060,000, up 9.6% from August. Year-over-year, that median surged an impressive 34.6%.

Additionally, pricing strength shows up in other metrics. The median price per square foot rose to $758, up 26.5% year-over-year. Total sales volume hit $30.2M, nearly doubling with a 96.7% annual gain. Furthermore, the sale-to-list ratio held firm at 97.6%, signaling solid seller pricing power.

On the supply side, conditions continue to favor sellers. Months of supply fell to 3.4, down 32.0% from last month. Meanwhile, active inventory dropped 18.8% to just 56 units. However, median days on market rose 56.0% year-over-year to 71 days. As a result, buyers should expect competition, but well-priced patience may still pay off.

The Planned Unit Development segment saw just 2 sales in September 2026. As a result, all metrics carry heightened volatility this month. Notably, sales volume fell 65.8% month-over-month to $3.55M.

Meanwhile, the median sale price climbed 35.0% to $1,775,000. However, this figure sits 29.0% below year-ago levels. With such a small sample, these swings reflect individual transactions rather than broad trends.

On the supply side, active inventory dropped to 8 listings. Additionally, months of supply fell to 3, which favors sellers. However, median days on market rose 66.0% to 88 days. Meanwhile, the sale-to-list ratio held at 94.7%, suggesting modest room to negotiate on price.

Looking ahead, the fall season typically brings a seasonal slowdown to Incline Village real estate. As a result, buyers may find fewer new listings hitting the market. Meanwhile, inventory has already tightened sharply, falling 20.4% month-over-month and 21.8% year-over-year. With months of supply now at just 3.8, the overall market favors sellers heading into winter.

However, conditions vary by segment. The single-family home market sits at 4.3 months of supply, placing it in balanced territory. In contrast, condos remain tighter at 3.4 months, so condo sellers hold firmer footing. Notably, the median days on market still runs long at 81 days. Therefore, well-priced homes should move, while overpriced listings may linger through the quieter months. Additionally, sellers who price realistically can expect strong execution, given the 96.9% sale-to-list ratio. Investors, meanwhile, should watch the resilient condo segment for steadier demand.

Whether you are considering buying, selling, or simply trying to understand how current market conditions affect your home’s value, local data matters.

For a data-driven look at your specific neighborhood or property type, contact Guy Johnson, REALTOR® with Keller Williams Group One, Inc.

Guy Johnson, REALTOR®
Keller Williams Group One, Inc.
NV Lic. # S.75262.LLC
Phone: (775) 722-4011
Email: guyjohnson@kw.com