At the halfway mark of 2025, the Lake Tahoe real estate market reflects steady buyer selectiveness. Median prices have continued to rise in all the California regions, even as inventory increased. Across all regions, the number of homes actively listed for sale has increased by an average of 19% year over year. In June alone, the Tahoe Sierra MLS reported a 31% jump compared to June 2024—bringing inventory levels in line with pre-COVID benchmarks from 2019.
While the average days on the market has decreased in every region, pending sales are down 40% compared to this time last year. While buyers appear to be more discerning, well-positioned and competitively priced properties continue to move quickly—indicating that motivated buyers are ready to act when the right opportunity arises.
In the lakefront market specifically, four properties have sold so far this year, compared to five at this time last year. With 29 lakefronts currently on the market—a 34% increase year over year—buyers are met with more options, but also demonstrating greater selectivity.
As we head into the height of the summer selling season, all eyes are on whether the greater selection of available homes will attract buyers or if selectivity will continue to shape the pace of the market.
Read the full report to view graphs by micro-region.
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