Market Intelligence · NV / Zephyr Cove

Zephyr Cove, NV 89448 Housing Market

The typical home value in Zephyr Cove, NV 89448 is $1,487,732, up 10.6% over the past year. Properties list at a median of $2,430,250 and spend 80 days on market.

Updated September 2026Median value$1488K

The median home value in Zephyr Cove, NV 89448 is $1.49M as of September 2026, up 10.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 89448 range

$1.37M to $1.61M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+10.6% over 12 months

Sep 2025$1.35M

Low $1.35MHigh $1.49M

Sep 2026$1.49M

The numbers

What is the 89448 housing market like?

As of September 2026

Typical home value

$1.49M

10.6%YoY

Median list price

$2.43M

5.9%MoM

Days on market

4.8%MoM

Homes for sale

5.9%MoM

Price cuts

11.9%

25.5%MoM

New listings

0.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

89448 housing market forecast 2027

+2.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89448 to rise 2.9% by September 2027.

Over the 12 months through September 2026, typical home values in 89448 rose 10.6%, per the Zillow Home Value Index.

Will home prices drop in 89448?

Zillow's forecast does not call for a drop: it expects typical home values in 89448 to rise 2.9% by September 2027, after a 10.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 89448 home prices compare?

89448$1,487,732
Zephyr Cove$1,487,732
Nevada$417,293
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Zephyr Cove: 1 ZIP; Nevada: 133 ZIPs; United States: 26,262 ZIPs).

Context

Zephyr Cove's market shows steady appreciation, with home values rising 10.6% annually. The median list price stands at $2,430,250, while homes typically stay listed for 80 days. There are currently 18 homes for sale with 4 new listings as of September 2026. An 11.9% share of listings have received price cuts, suggesting some properties are adjusting to market conditions. For sellers, this is a market where pricing strategy matters, and patience may be required.

Monthly payment

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Home price

Down payment20% · $297,546

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Human help

Licensed pros in 89448.

Primary seat

Matthew Murphy

Lic #B.146332.LLC NV

Common questions

What people ask us.

What is the typical home value in Zephyr Cove, NV 89448?

The typical home value is $1,487,732, up 10.6% over the past year as of September 2026.

How long do homes typically stay on the market?

The median days on market is 80, indicating a moderate sales pace.

How many homes are currently for sale?

There are 18 homes for sale with 4 new listings as of September 2026.

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Nearby ZIP markets.

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