Is Zephyr Cove, NV 89448 a buyer’s or seller’s market?
Zephyr Cove is a seller’s market. With about 2.6 months of supply and 3% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 10% of U.S. ZIP codes, and #91 of 100 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Zephyr Cove housing market right now
In the three months ending August 31, 2026, 3% of homes in Zephyr Cove, NV 89448 sold above their list price, the typical home went under contract in 88 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 23%, homes sold more slowly (54 days then) and the median sale price rose 37% to $1,906,675. Overall, Zephyr Cove is less competitive than a year ago, which gives buyers more room.
Within Douglas County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 86%. On our competition score, Zephyr Cove ranks #91 of 100 NV ZIP codes with enough sales (score 17 out of 100).
Nearby, Gardnerville 89460 (20% sold over asking) and Glenbrook 89413 (20% sold over asking) are even more competitive.
Run the numbers for 89448
Nearby markets
Carson City 89705Seller’s market $351 /sq ftGardnerville 89410Seller’s market $363 /sq ftGardnerville 89460Seller’s market $368 /sq ftGenoa 89411Seller’s market $421 /sq ft Browse all markets →Towns like Zephyr Cove nearby
Find towns like Zephyr Cove in other states →Where Zephyr Cove is
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Questions about Zephyr Cove real estate
Is Zephyr Cove a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Zephyr Cove, NV 89448 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Zephyr Cove?
The typical home went under contract in 88 days in the latest three months.
Do homes in Zephyr Cove sell over asking?
3% of homes sold above their original list price, and the typical sale closed at 94.5% of the list price.
What are property taxes in Zephyr Cove?
About 0.45% of a home’s value a year in Douglas County, or roughly $1,800 on a $400,000 home.
What is the median home price in Zephyr Cove?
The median sale price was $1,906,675 in the three months ending August 31, 2026, about $833 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology