5-Year Home Value Summary of Tahoe and Surround Areas

Kili Rahbeck
Jul 3
2 min read

📍 South Lake Tahoe, CA

Peak: Major appreciation during the pandemic as buyers flocked to remote-friendly mountain towns.
2025 Trend: Median sale price around $600K–$700K; market softening but values remain well above 2020 levels.

📍 Douglas County, NV (Tahoe Township)

Peak: Luxury lakefront homes soared in value from 2020–2022.
2025 Trend: Some price correction, but still among the priciest Tahoe submarkets; median sale prices in the multi-million range.

📍 Incline Village, NV

Peak: Home values surged over 50% during the pandemic.
2025 Trend: Median home price remains above $1.5M; high-end market slowing but stable due to limited inventory.

📍 Kings Beach, CA

Peak: Gained traction as a more affordable Tahoe North Shore option during 2020–2022.
2025 Trend: Modest correction; median prices around $700K–$900K, still above pre-pandemic levels.

📍 Truckee, CA

Peak: Boomed in 2020–2021 with Bay Area migration.
2025 Trend: Median sale price around $1M; slowed but holding value due to demand and limited housing stock.

📍 Tahoma, CA

Peak: Sharp rise during 2020–2021.
2025 Trend: Significant correction; average home value ~$900K, but median sales prices vary widely due to small market size.

📍 Tahoe City, CA

Peak: High demand in 2020–2021, especially for lake-access properties.
2025 Trend: Market stabilizing; average value ~$1.2M, some high-end sales reaching $25M+.

📍 Gardnerville, NV

Peak: Rapid growth post-2020 as people sought space and affordability.
2025 Trend: Market cooled; average home ~$587K, with median sales around $615K. Slower sales but steady interest.

📍 Reno, NV

Peak: Accelerated appreciation from 2020–2022, driven by tech migration and affordability.
2025 Trend: Still appreciating modestly (~4–5% annually); median sale price ~$578K.

🧠 Overall Insight:Most Lake Tahoe and surrounding areas saw explosive growth in 2020–2021. While 2023–2025 brought corrections and slower growth, values across all markets remain higher than pre-pandemic, supported by remote work trends, low inventory, and lifestyle-driven demand.