Nags Head Home Sales Analysis – Q1 2025The first quarter of 2025 witnessed dynamic market activity in Nags Head’s single-family residential segment. Buyers and sellers navigated a range of financing options and geographic areas, resulting in variations in sales price, volume, and days on market. Below, we examine the key metrics and trends captured in the latest sales data.Overview of Nags Head Home Sales CategoriesThe data divides residential sales into several financing types, highlighting market nuances: Other Financing Listings: 1 Dollar Volume: $3,850,000 Average/Median Price: $3,850,000 Average Days on Market (DOM): 190 Observation: With only one listing, this category represents a high-end transaction with a significant selling price. However, the long DOM indicates that the uniq... 04/13/2025

 This report provides a comprehensive analysis of the residential property sales data for The Village at Nags Head Homes in the Town of Nags Head. The analysis is based on key metrics, including the number of listings, dollar volume, average price, median price, and average days on market (DOM). The data is further segmented by financing methods, geographical areas, and sales types.Overall Market Performance Total Listings: 22 properties were sold during the period under review. Dollar Volume: Total sales amounted to $20,163,985. Average Price: The average sales price across all transactions was $916,545. Median Price: The median price was $807,834, indicating a slight skew toward higher-priced transactions. Average Days on Market (DOM): Properties remained on the market for an average ... 01/09/2025

Residential Sales Breakdown For 2024 Home Sales in Old Nags Head Cove in Nags Head NC Conventional Sales: Number of Listings: 10 Dollar Volume: $6,062,900 Average Price: $606,290 Median Price: $577,000 Average Days on Market (DOM): 34 VA Sales: Number of Listings: 1 Dollar Volume: $535,000 Average Price: $535,000 Median Price: $535,000 Average DOM: 14 Cash Sales: Number of Listings: 2 Dollar Volume: $1,871,000 Average Price: $935,500 Median Price: $935,500 Average DOM: 38 Analysis by Area Nags Head Westside: Number of Listings: 13 Dollar Volume: $8,468,900 Average Price: $651,454 Median Price: $579,000 Average DOM: 33 Sales Type Breakdown Non Co-op Sales: Number of Listings: 4 Dollar Volume: $2,464,900 Average Price: $616,225 Median Price: $555,000 Average DOM: 32 Co-op Sales: Number o... 01/07/2025

Analyzing the Sales Data for 2024 Home Sales in George Stronic Subdivision in Nags Head NCThe sales data for the Geo Stronic subdivision in Nags Head, NC, reveals intriguing insights into the local real estate market. Here's a breakdown of the key trends and figures from recent transactions.1. Market Overview by Sale TypeThe six residential properties sold within the subdivision were financed through a variety of methods, highlighting diverse buyer profiles: Conventional Loans: Number of Sales: 2 Dollar Volume: $2,795,000 Average Price: $1,397,500 Median Price: $1,397,500 Average Days on Market (DOM): 27 Cash Purchases: Number of Sales: 3 Dollar Volume: $5,057,500 Average Price: $1,685,833 Median Price: $1,450,000 Average DOM: 69 Jumbo Loans: Number of Sales: 1 Dollar Volume: $1,140,000... 01/07/2025

Nags Head NC Homes Sold January 1, 2024 Through January 1, 2025Market OverviewTotal Sales Snapshot: Total Listings: 129 Dollar Volume: $131,260,368 Average Price: $1,017,522 Median Price: $838,858 Average Days on Market (DOM): 51 The residential market is thriving, with strong sales volume and relatively stable market activity as reflected in the average DOM.Analysis by Financing TypeBreaking down sales by financing method reveals diverse buyer strategies: Conventional Loans: 82 listings (largest share) Dollar volume: $71.3M Average Price: $869,921 Median Price: $766,450 Average DOM: 47 Insight: Conventional loans dominate the market, appealing to buyers with moderate-to-high credit reliability. Cash Sales: 31 listings Dollar volume: $37.88M Average Price: $1,222,071 (highest among fina... 01/07/2025

Southridge Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $3,414,900     $682,980     $661,000     53                   Cash     1     $490,000     $490,000     $490,000     27          Analysis By Area                   Nags Head Westside     6     $3,904,900     $650,817     $657,950     49                   Totals     6     $3,904,900     $650,817     $657,950     49                        Non Co-op Sales     0                    0                   Co-op Sales     6     $3,904,900     $650,817     $657,950     49                   Total Sales     6     $3,904,900     $650,817     $657,950     49   Southridge Homes Sold Jan 1,... 01/16/2024

Nags Head Acres Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $1,232,500     $616,250     $616,250     53                   Cash     3     $1,790,250     $596,750     $550,000     53          Analysis By Area                   Nags Head Westside     5     $3,022,750     $604,550     $550,000     53                   Totals     5     $3,022,750     $604,550     $550,000     53                        Non Co-op Sales     0                    0                   Co-op Sales     5     $3,022,750     $604,550     $550,000     53                   Total Sales     5     $3,022,750     $604,550     $550,000     53  Nags Head Acres Homes ... 01/15/2024

Hollwood Beach Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $6,742,000     $1,348,400     $1,350,000     22                   Cash     2     $1,675,000     $837,500     $837,500     26          Analysis By Area                   S. N.H. East/Old Oregon R     4     $6,130,000     $1,532,500     $1,582,500     21                   S. N.H. West/Old Oregon R     3     $2,287,000     $762,333     $747,000     27                   Totals     7     $8,417,000     $1,202,429     $1,075,000     23                        Non Co-op Sales     0                    0                   Co-op Sales     7     $8,417,000     $1,202,429     $1,07... 01/12/2024

Geo T Stronach Subdivision Homes Sold Jan 1, 2022 to Jan 1, 2023             No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $2,450,000     $1,225,000     $1,225,000     54                   Cash     5     $5,404,313     $1,080,863     $1,070,000     45                   Jumbo Loan     1     $1,275,000     $1,275,000     $1,275,000     27          Analysis By Area                   Nags Head Oceanside     2     $2,465,000     $1,232,500     $1,232,500     102                   Nags Head between hwys     6     $6,664,313     $1,110,719     $1,115,000     26                   Totals     8     $9,129,313     $1,141,164     $1,167,500     45                        Non Co-op Sales     1     $1,010... 01/12/2024

 Bodie Island Beach Homes Sold Between Jan 1,2023 to Jan 1, 2024      Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $2,165,000     $1,082,500     $1,082,500     46                   Cash     3     $4,729,000     $1,576,333     $1,725,000     72                   Jumbo Loan     2     $5,365,000     $2,682,500     $2,682,500     88          Analysis By Area                   S. N.H. East/Old Oregon R     4     $9,274,000     $2,318,500     $2,349,500     87                   S. N.H. West/Old Oregon R     3     $2,985,000     $995,000     $820,000     45                   Totals     7     $12,259,000     $1,751,286     $1,725,000     69                        Non Co-op Sal... 01/12/2024

 Nags Head Homes Sold Between Jan 1,2023 to Jan1, 2024               No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,340,000     $670,000     $670,000     4                   Conventional     78     $56,056,207     $718,669     $654,950     31                   FHA     1     $520,000     $520,000     $520,000     2                   Cash     30     $23,528,750     $784,292     $742,500     37          Analysis By Area                   Nags Head Oceanside     3     $2,774,000     $924,667     $820,000     48                   S. N.H. East/Old Oregon R     5     $3,996,000     $799,200     $710,000     42                   Nags Head between hwys     31     $26,217,527     $845,727     $800,000    ... 01/11/2024

A Look at the Nags Head Real Estate MarketNags Head, North Carolina, is more than just a coastal town; it’s a lifestyle. Nestled along the breathtaking Outer Banks, this charming destination boasts a unique real estate market that beckons both homebuyers and investors. As the waves roll onto the pristine shores of Nags Head, so do opportunities in the real estate sector. In this article, we’ll dive into the ever-evolving market, exploring trends, unique areas, and the allure of Nags Head’s coastal living.While real estate markets nationwide ebb and flow, Nags Head has shown remarkable resilience. Whether it’s the year-round appeal of its natural beauty or the allure of rental income from vacation homes, Nags Head continues to attract buyers and investors alike. Property values have incr... 12/22/2023

The increase in the maximum loan limits by the FHFA and FHA is good news for home buyers who want to purchase a property on the Outer Banks, a popular destination for vacationers and retirees. The Outer Banks consists of several towns and communities, each with its own character and appeal. Depending on the location, size, and condition of the property, the prices can vary significantly. Some areas may be more affordable than others, but also more vulnerable to natural disasters such as hurricanes and flooding. Therefore, home buyers should consider not only the price, but also the risk and insurance costs of owning a property on the Outer Banks.One town that may be better situated to handle the increase in loan limits is Nags Head, which is located on the central part of the Outer Bank... 12/08/2023

      Whalebone Beaches Subdivision Update Jan 1 - July 1, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $1,454,551     $727,276     $727,275     45                   Cash     1     $991,600     $991,600     $991,600     11          Analysis By Area                   Nags Head between hwys     2     $1,976,251     $988,126     $988,125     18                   Nags Head Westside     1     $469,900     $469,900     $469,900     64                   Totals     3     $2,446,151     $815,384     $984,651     33                        Non Co-op Sales     0                    0                   Co-op Sales     3     $2,446,151     $815,384     $984,651     33                   Tota... 09/30/2023

George T Stronach Subdivision Property Update Jan 1 - July 1, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $6,690,000     $1,672,500     $1,557,500     60                   Cash     1     $1,433,800     $1,433,800     $1,433,800     300          Analysis By Area                   Nags Head Oceanside     2     $4,260,000     $2,130,000     $2,130,000     117                   Nags Head between hwys     3     $3,863,800     $1,287,933     $1,430,000     102                   Totals     5     $8,123,800     $1,624,760     $1,433,800     108                        Non Co-op Sales     0                    0                   Co-op Sales     5     $8,123,800     $1,624,760     $1,... 09/30/2023

If you are looking for some fun activities to enjoy in Nags Head, NC during the month of October 2023, you have plenty of options to choose from. Whether you are into golf, adventure, fishing, or history, there is something for everyone in this charming coastal town. Here are some of the highlights that you can check out:- Mutiny Bay Adventure Golf: Join Billy Bowlegs and his crew for a pirate-themed mini golf experience that will challenge your skills and entertain your senses. Watch out for the cannon fire and the pirate cave as you putt through 18 holes of sound-side fun. You can also enjoy the arcade and the gift shop for some extra pirate booty. - First Flight Adventure Park: If you are feeling adventurous, head to the First Flight Adventure Park and test your courage and agility o... 09/30/2023

    Bodie Isle Beach Property Update Jan 1 - July -, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     77     $72,034,995     $935,519     $750,000     27                   Cash     26     $35,472,900     $1,364,342     $1,187,500     22                   Jumbo Loan     17     $31,076,000     $1,828,000     $1,760,000     36          Analysis By Area                   Nags Head Oceanside     20     $43,615,400     $2,180,770     $2,250,000     24                   S. N.H. East/Old Oregon R     23     $32,242,400     $1,401,843     $1,250,000     39                   Nags Head between hwys     37     $37,788,750     $1,021,318     $945,000     30                   S. N.H. West/Old Oregon... 09/30/2023

Nags Head Single Family Homes Sold Jan 1 - July 1, 2023 Sold Market   No. of Listings Dollar Volume Average Price Median Price Average DOM Other 2 $1,340,000 $670,000 $670,000 4 Conventional 53 $41,922,707 $790,994 $661,000 45 FHA 1 $520,000 $520,000 $520,000 2 Cash 20 $17,817,350 $890,868 $760,000 48 Jumbo Loan 1 $1,550,000 $1,550,000 $1,550,000 35 Analysis By Area Nags Head Oceanside 6 $10,938,200 $1,823,033 $1,759,100 113 S. N.H. East/Old Oregon R 7 $7,084,000 $1,012,000 $805,000 64 Nags Head between hwys 16 $13,762,027 $860,127 $924,950 46 S. N.H. West/Old Oregon R 9 $7,869,500 $874,389 $765,000 32 Nags Head Westside 39 $23,496,330 $602,470 $575,000 31 Totals 77 $63,150,057 $820,131 $679,000 44 Non Co-op Sales 6 $5,280,000 $880,000 $800,500 6 Co-op Sales 71 $57,870,057 $815,071 $679... 09/22/2023

If you are looking for a nags head rental house, you might be wondering if it is worth paying extra for one that has an in ground pool. There are several advantages in having a pool in your vacation home, especially if you enjoy swimming, relaxing, or entertaining guests. Here are some of the benefits of having a pool in your nags head rental house:- You can swim anytime you want, without having to worry about the weather, the tides, or the crowds at the beach. Swimming is a great way to exercise, relieve stress, and have fun with your family and friends.- You can enjoy the privacy and comfort of your own pool, without having to share it with strangers or follow the rules of a public pool. You can also customize the pool to your liking, such as adjusting the temperature, adding lights, ... 09/22/2023

Is there a housing shortage in Nags Head NC?According to various sources, Nags Head and the Outer Banks region are facing a serious challenge of affordable housing for both residents and workers. The median sale price of a home in Nags Head was $703K in June 2023, down 13.5% since last year, but still 67% higher than the national average . A survey conducted by Public Policy Polling in May 2022 found that 59% of North Carolinians agreed that affordable housing is a major problem in their communities, and 48% said state leaders should intervene to help alleviate the shortages . The problem is exacerbated by the lack of rental housing for seasonal workers, many of whom come from overseas and are unable to get visas due to the pandemic . The Outer Banks Chamber of Commerce has been advocat... 09/08/2023