Kitty Hawk Real Estate Market Sees Steady Demand in Q1 2025: Single-Family Home Sales Overview
Kitty Hawk, NC – April 2025 — The first quarter of 2025 showcased a healthy and balanced real estate market for single-family homes in Kitty Hawk, North Carolina. With 16 residential properties sold between January and March, the area maintained steady buyer interest, driven by strong cash transactions, diverse financing options, and consistent pricing across different neighborhoods.
Total Market Performance
In total, 16 single-family homes were sold in Kitty Hawk during Q1 2025, generating a combined dollar volume of $13,779,490. The average sale price was $861,218, while the median price settled at $733,750. Homes spent an average of 69 days on the market (DOM), indicating a moderate pace in buyer decision-making.
Sales by Financing Type
A variety of financing methods were used by homebuyers:
Conventional Loans accounted for the majority of sales with 9 transactions, totaling $7,310,740. Homes purchased through conventional financing averaged $812,304, with a median of $699,000, and an average DOM of 83 days.
Cash Sales represented a strong segment with 6 closings and a higher average price point of $979,792. These transactions totaled $5,878,750, with a median sale price of $965,000 and an average DOM of 57 days, reflecting quicker closing timelines typical of cash deals.
Owner Financing played a smaller role, with a single sale at $590,000 and just 9 days on the market, demonstrating the potential for alternative financing in speeding up transactions.
Neighborhood Performance
Market activity was distributed across two main residential zones:
Kitty Hawk Between the Highways saw 6 sales with a total volume of $5,630,000. This area posted an average sale price of $938,333, a median of $737,500, and a relatively brisk average market time of 51 days.
Kitty Hawk Westside was the more active of the two, with 10 homes sold for a combined $8,149,490. The average price in this neighborhood was $814,949, with a median of $733,250 and an average DOM of 80 days.
Co-op vs. Non-Co-op Sales
The vast majority of sales (15 of 16) were co-op transactions, generating $13,379,500 in total volume with an average sale price of $891,967 and a median of $767,500. A single non-co-op sale closed at $399,990, skewing the average down slightly when considered in overall totals.
Market Outlook
The Q1 2025 data reflects a stable and resilient housing market in Kitty Hawk, with consistent demand across both financing types and geographic areas. Cash buyers continue to drive high-end activity, while conventional financing remains a strong backbone of the market. The relatively balanced DOM across neighborhoods suggests a healthy interaction between supply and demand.
As the Outer Banks enters its prime spring and summer season, real estate professionals anticipate continued interest from second-home seekers and investors alike, positioning Kitty Hawk as a competitive and desirable market along North Carolina’s coast.
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