Zephyr Cove is moving more homes with less inventory
The Real Estate Data Aggregator counted 30 homes sold in ZIP 89448 (Zephyr Cove, NV) in the three months ending August 31, 2026. That is up 130.8% from the same three months in 2025. At the same time, homes for sale fell 36.6% to just 26. More buyers, fewer choices. If you own there, that is leverage. If you are buying there, plan for it.
The Federal Housing Finance Agency reported U.S. house prices rose 2.4% from August 2025 to August 2026. Zephyr Cove moved well past that. The Real Estate Data Aggregator put the median sale price in ZIP 89448 at $1,907,500, up 37.4% from a year before.
Thin supply, but homes are still closing
The Real Estate Data Aggregator counted 27 pending sales in ZIP 89448, up 50% from a year before. New listings came in at 27, up 12.5%. Supply is tight, but demand is real. Months of supply dropped 7 months year over year to 2.7 months. That is a seller's market by most measures.
Homes are taking longer to close, and sellers are getting a little less of list
The median days on market in ZIP 89448 was 88 days, 34 days longer than a year before, according to the Real Estate Data Aggregator. Buyers are not rushing. The average sale price came in at 94.5% of list price, down 2.1 points from a year before. Most homes sold below list. Only 3.3% sold above it, down 19.8 points year over year. Price your home carefully. The data does not support padding the number.
How Zephyr Cove compares with its neighbors
The Real Estate Data Aggregator tracked three ZIP codes in this market for the three months ending August 31, 2026. Each one reads differently.
| Zephyr Cove 89448 | Stateline 89449 | Glenbrook 89413 | |
|---|---|---|---|
| Median sale price | $1,907,500 | $1,150,000 | $5,500,000 |
| Homes sold | 30 | 35 | 5 |
| Months of supply | 2.7 | 6.3 | 11.7 |
| Median days on market | 88 | 82 | 56 |
| Sale to list price | 94.5% | 95.7% | 96.9% |
The national picture behind the local one
The Federal Housing Finance Agency reported that U.S. house prices rose 0.3% from July to August 2026, seasonally adjusted. Year over year, that is 2.4%. Zephyr Cove's 37.4% median price gain is a different story entirely. Realtor.com reported that mortgage rates climbed above 7% for the first time since January 2025. That matters for buyers in every market, including this one.
- Zephyr Cove sold more homes with far less inventory in the three months ending August 31, 2026. The Real Estate Data Aggregator counted 30 sold, up 130.8%, while homes for sale dropped 36.6% to 26. The median price reached $1,907,500, up 37.4%.
- Homes are taking longer to sell, and buyers are getting slightly more room on price.
- Supply is tight.
- Pending sales are up 50%.
- The market is moving, just not in a straight line.
One street in Zephyr Cove can read very differently from the ZIP code as a whole. If you want to know where your specific address sits in this data, send me a note.
Your next step
(775) 292-0809Text me your address and I will send back where your Zephyr Cove home sits against the 30 that sold, including price and days on market. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 89449, 89448 and 89413, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in August; Up 2.4 Percent from Last Year | FHFA, Oct 27, 2026
- Redfin: U.S. Home-Sale Prices Just Fell for the First Time in 3 Years, Oct 29, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years, Oct 15, 2026
- CNBC: Home prices fall and rents rise, both for the first time in three years, Oct 29, 2026