Q1 2025 Kill Devil Hills Single-Family Home Sales Market Report
The real estate market in Kill Devil Hills, NC, demonstrated both resilience and diversity during the first quarter of 2025, with a total of 74 single-family home sales totaling over $48.3 million in dollar volume. This analysis offers a breakdown by financing type, area, and cooperative versus non-cooperative sales to help investors, buyers, and industry professionals understand the current market dynamics.
Market Overview
| Category | Total Homes Sold | Dollar Volume | Average Price | Median Price | Average Days on Market (DOM) |
|---|---|---|---|---|---|
| Total | 74 | $48,381,883 | $653,809 | $591,000 | 69 |
The average home price stood at $653,809, while the median price was slightly lower at $591,000, indicating some higher-end sales that pulled the average up. Homes sold in an average of 69 days, suggesting a healthy, moderately paced market.
Sales by Financing Type
| Financing Type | No. of Sales | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|
| Conventional | 49 | $29,803,017 | $608,225 | $609,000 | 76 |
| FHA | 2 | $889,000 | $444,500 | $444,500 | 8 |
| VA | 5 | $2,355,000 | $471,000 | $421,000 | 152 |
| Cash | 17 | $10,584,866 | $622,639 | $634,000 | 32 |
| Owner Financing | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 80 |
Conventional financing led the way with 66% of all sales, reflecting the ongoing confidence in traditional lending.
Cash buyers made a strong impact, accounting for 23% of transactions, likely benefiting from speed and negotiation leverage—reflected in a relatively short DOM of 32 days.
A notable outlier is the owner-financed sale at $4.75 million, significantly impacting average figures.
Analysis by Area
| Area | No. of Sales | Dollar Volume | Avg. Price | Median Price | Avg. DOM |
|---|---|---|---|---|---|
| KDH Oceanside | 4 | $7,903,055 | $1,975,764 | $1,181,527 | 89 |
| KDH Between Highways | 10 | $7,517,000 | $751,700 | $652,500 | 114 |
| KDH Westside | 37 | $20,365,485 | $550,419 | $540,000 | 57 |
| Colington Harbor | 19 | $10,377,343 | $546,176 | $495,000 | 75 |
| Colington (non-Harbor) | 4 | $2,219,000 | $554,750 | $534,500 | 26 |
Westside Kill Devil Hills dominated with 37 sales, representing half the market. Its relatively lower average DOM (57 days) and moderate pricing make it attractive to mid-tier buyers.
Oceanside properties, while fewer in number, drove high value, with an average price nearing $2 million—indicative of luxury beachfront activity.
Colington Harbor and Colington proper continued to offer solid value, appealing to primary homebuyers and second-home seekers alike.
Co-op vs. Non Co-op Sales
| Category | Sales | Dollar Volume | Avg. Price | Median Price | Avg. DOM |
|---|---|---|---|---|---|
| Co-op Sales | 66 | $42,838,973 | $649,075 | $567,500 | 73 |
| Non Co-op Sales | 8 | $5,542,910 | $692,864 | $711,455 | 38 |
Co-op transactions dominated, representing 89% of the market, consistent with agent-facilitated sales trends.
Non co-op sales had shorter market times, suggesting that private or direct-to-buyer transactions may be closing faster, possibly due to investor purchases or off-market deals.
Key Takeaways
The Kill Devil Hills market is experiencing a balanced blend of affordability and luxury, driven by strong conventional and cash sales.
Inventory turnover remains steady, with most properties selling in about 2 months.
Oceanside and Between-the-Highways properties show strong luxury appeal, while Westside and Colington areas maintain consistent, mid-range activity.
The presence of high-value outliers, such as the $4.75M owner-financed sale, demonstrates that unique investment opportunities remain within reach.
As we move deeper into 2025, the Kill Devil Hills single-family home market continues to be an attractive destination for both investors and homebuyers, offering diverse options across price points and financing structures. With healthy demand and evolving buyer preferences, the town remains a stronghold on the Outer Banks real estate map.
For a customized market analysis or local property insights, connecting with a real estate professional specializing in the Outer Banks region is highly recommended.
Comments(0)