Published October 11, 2026 in Market Update

One part of nv condos is moving on much tighter supply

LV
By Lisa Valentine
Real estate, Stateline, Zephyr Cove & Glenbrook Condos

These numbers cover the three months ending August 31, 2026. Read them that way. A number from last year is not this number.

The National Association of Realtors put national supply at 4.9 months in August 2026. The Real Estate Data Aggregator counted 2.7 months of supply in ZIP 89448 for the same period. That gap is the whole story for buyers searching there.

Months of supply in ZIP 89448 (Real Estate Data Aggregator)
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

Inventory in ZIP 89448 fell 36.6%, according to the Real Estate Data Aggregator. Only 26 homes were for sale. New listings came in at 27. Sales nearly doubled: up 130.8% year over year, with 30 homes sold.

ZIP 89448, three months ending August 31, 2026 (Real Estate Data Aggregator)
Homes for sale
Down 36.6% year over year
Homes sold
Up 130.8% year over year
Pending sales
Up 50% year over year
Months of supply
Down 7 months year over year
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

Tight supply does not mean a fast sale. The Real Estate Data Aggregator put median days on market in ZIP 89448 at 88 days. That is 34 days longer than the same period last year. Pricing and preparation still matter here.

Median days on market, ZIP 89448 (Real Estate Data Aggregator)
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

The median sale price in ZIP 89448 was $1,907,500, up 37.4% year over year. Homes sold at 94.5% of list price on average, down 2.1 points from last year. Only 3.3% sold above list. That is down 19.8 points. Buyers are not chasing.

ZIP 89449 reads differently

The Real Estate Data Aggregator counted 6.3 months of supply in ZIP 89449. That is more than double the supply in ZIP 89448 and above the national figure. Inventory there fell only 13.3%, and new listings rose 25%.

ZIP 89449, three months ending August 31, 2026 (Real Estate Data Aggregator)
Homes for sale
Down 13.3% year over year
Homes sold
Down 12.5% year over year
Pending sales
Down 36.2% year over year
Months of supply
Down 0.1 months year over year
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

Median sale price in ZIP 89449 was $1,150,000, up 19.2% year over year. Median days on market was 82 days, 8 days shorter than last year. The sale-to-list ratio was 95.7%, up 1.5 points.

ZIP 89413: a small, high-end slice

The Real Estate Data Aggregator counted just 5 homes sold in ZIP 89413. The median sale price was $5,500,000. With 11.7 months of supply, this ZIP moves slowly. Small numbers shift these figures fast, so treat them as a direction, not a rule.

ZIP 89413, three months ending August 31, 2026 (Real Estate Data Aggregator)
Homes sold
Small sample
Months of supply
Highest of the three ZIPs
Median days on market
Fastest of the three ZIPs
Sold above list
Highest of the three ZIPs
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

How the three ZIPs compare side by side

Key measures by ZIP, three months ending August 31, 2026 (Real Estate Data Aggregator)
894488944989413
Median sale price$1,907,500$1,150,000$5,500,000
Months of supply2.76.311.7
Median days on market888256
Sale to list94.5%95.7%96.9%
Homes sold30355
Lower months of supply means fewer choices for buyers. Lower days on market means faster sales for sellers.

The wider picture

Nationally, the National Association of Realtors reported existing-home sales fell 2.0% in August 2026 from the prior month. Year-to-date sales through August were up 1.6%. Supply sat at 4.9 months nationally.

Realtor.com reported mortgage rates topped 7% for the first time since January 2025. That affects what buyers can borrow everywhere, including here.

Realtor.com also reported that 20.8% of listings nationally took a price cut in September 2026, up 0.9 points year over year. In ZIP 89449, where supply is higher and pending sales fell 36.2%, that national pattern is worth watching.

Months of supply by ZIP vs. national, three months ending August 31, 2026
89448 (Real Estate Data Aggregator)2.7 monthsNational (NAR)4.9 months89449 (Real Estate Data Aggregator)6.3 months89413 (Real Estate Data Aggregator)11.7 months
ZIP 89448 has the tightest supply. ZIP 89413 has the most. The national figure sits in between.
In short
  1. ZIP 89448 has 2.7 months of supply and inventory down 36.6%.
  2. ZIP 89449 has 6.3 months and rising new listings.
  3. ZIP 89413 moves slowly with 11.7 months.
  4. One ZIP code can read very differently from the next street over.

These are market-wide figures for the three months ending August 31, 2026. One street can read differently from the whole ZIP code. If you want to know where your specific address lands, send me a note.

Your next step

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Where these numbers came from
Lisa Valentine
Coldwell Banker Select · (775) 292-0809
Privacy policyTerms of useDo not sell or share my informationAccessibility statementFair housing notice
Lisa Valentine is a licensed real estate agent with Coldwell Banker Select (license #01167801 (CA DRE) · BS.0143561 (NV)). Market numbers come from MLS records and are believed accurate but not guaranteed. Nothing on this site is an appraisal or a promise of value. If your home is already listed with another broker, this is not a solicitation.
© 2026 Lisa Valentine · Coldwell Banker SelectEQUAL HOUSING OPPORTUNITY