Welcome to this month’s real estate market report for the area of Outer Banks, North Carolina. Single family home sales have continued to fall for the fourth month in a row. Speculation is that home sales will pick up after the summer season as properties will become more accessible. Inventory continues to increase, but the housing supply is still well below 2021 levels. Find out more about the real estate market in the Outer Banks area in this helpful report.
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Outer Banks Housing Stats
At the end of July 2022, the median sale price for single family residential homes in the Outer Banks, North Carolina, area was $555,000, which is a year-to-year increase of 13%.
There is a total of 560 single family residential properties available for sale in the Outer Banks area, inventory has increased 18% from one year ago.
The total number of properties of all types sold so far in 2022 is 2,113, this is a year-to-year drop of 24% from 2,766 properties sold by this time in 2021.
The median sale price for lots/land in the Outer Banks area at the end of July was $124,529 which is a year-to-year increase of 21%.
There is a total of 467 land/lot parcels for sale in the Outer Banks area, which is a year-to-year drop in land/lot listings of 20%.
Market Reports from 2022
Market Reports from 2021
Get instant access to average property values, inventory, and market changes for your focus area.
Which OBX Town is Right for You?
|Carova – 4×4 Area||Corolla|
|Southern Shores||Kitty Hawk|
|Kill Devil Hills||Nags Head|
|Manteo||Rodanthe, Waves & Salvo|
|Hatteras – Avon, Buxton & Hatteras Village||Ocracoke|
Outer Banks Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for Outer Banks. All homes here are priced at $555,000 or less.