Q1 2025 Kill Devil Hills  Single-Family Home Sales Market ReportThe 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 so... 04/14/2025

Analysis of Avalon Beach Residential Home SalesOverview of Sold Market Data Total Residential Sales: Number of Listings: 30 Total Dollar Volume: $15,022,120 Average Price: $500,737 Median Price: $469,950 Average Days on Market (DOM): 44 Breakdown by Financing Type: Conventional Loans: Listings: 15 Dollar Volume: $7,824,300 Average Price: $521,620 Median Price: $499,900 Average DOM: 32 FHA Loans: Listings: 1 Dollar Volume: $387,500 Average/Median Price: $387,500 Average DOM: 168 VA Loans: Listings: 2 Dollar Volume: $884,500 Average/Median Price: $442,250 Average DOM: 34 Cash Sales: Listings: 12 Dollar Volume: $5,925,820 Average Price: $493,818 Median Price: $470,210 Average DOM: 49 Area-Specific Analysis Kill Devil Hills b/w Highways: Listings: 7 Dollar Volume: $4,518,400 Average Price: ... 01/10/2025

Kill Devil Hills NC Residential Home Sale Analysis For 2024The following professional analysis evaluates residential real estate sales data for homes sold in Kill Devil Hills, NC. This report examines market trends, buyer behavior, financing methods, and area-specific dynamics based on the provided sales statistics.Market OverviewThe residential real estate market in Kill Devil Hills reflects a robust sales environment with 272 total listings and a cumulative dollar volume of $161,090,292. Key metrics, such as average and median sale prices and days on market (DOM), provide insight into buyer preferences and market trends: Average Sale Price: $592,244 Median Sale Price: $550,000 Average DOM: 62 days These figures suggest a balanced market where homes are moving steadily, with pricing al... 01/08/2025

First Flight Village Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     10     $4,848,600     $484,860     $436,150     34                   VA     1     $479,900     $479,900     $479,900     37                   Cash     2     $810,000     $405,000     $405,000     10          Analysis By Area                   Kill Devil Hills Westside     13     $6,138,500     $472,192     $439,000     30                   Totals     13     $6,138,500     $472,192     $439,000     30                        Non Co-op Sales     2     $1,053,300     $526,650     $526,650     31                   Co-op Sales     11     $5,085,200     $462,291     $439,000 ... 01/18/2024

Orville 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     4     $2,576,150     $644,038     $534,950     66                   Cash     3     $2,508,000     $836,000     $630,000     7          Analysis By Area                   Kill Devil Hills Oceanside     1     $994,000     $994,000     $994,000     241                   Kill Devil Hills Westside     6     $4,090,150     $681,692     $543,950     8                   Totals     7     $5,084,150     $726,307     $549,900     41                        Non Co-op Sales     1     $549,900     $549,900     $549,900     5                   Co-op Sales     6     $4,534,250     $755,708  ... 01/15/2024

Virginia Dare Shores Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     18     $11,601,700     $644,539     $658,750     36                   VA     1     $689,900     $689,900     $689,900     34                   Cash     6     $3,654,250     $609,042     $612,625     17          Analysis By Area                   Kill Devil Hills b/w Hwys     6     $4,182,500     $697,083     $607,000     15                   Kill Devil Hills Westside     19     $11,763,350     $619,124     $666,250     37                   Totals     25     $15,945,850     $637,834     $662,500     32                        Non Co-op Sales     1     $627,000     $627,0... 01/15/2024

Moor Shores Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     6     $3,774,000     $629,000     $602,000     12                   Cash     1     $739,900     $739,900     $739,900     2                   Jumbo Loan     1     $1,385,000     $1,385,000     $1,385,000     1          Analysis By Area                   Kill Devil Hills Westside     8     $5,898,900     $737,363     $722,450     9                   Totals     8     $5,898,900     $737,363     $722,450     9                        Non Co-op Sales     3     $1,979,900     $659,967     $739,900     15                   Co-op Sales     5     $3,919,000     $783,800     $705,000    ... 01/12/2024

Ocean 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     5     $2,644,900     $528,980     $530,000     23                   Cash     3     $1,558,000     $519,333     $545,000     47          Analysis By Area                   Kill Devil Hills b/w Hwys     1     $635,000     $635,000     $635,000     3                   Kill Devil Hills Westside     7     $3,567,900     $509,700     $530,000     36                   Totals     8     $4,202,900     $525,363     $537,500     32                        Non Co-op Sales     0                    0                   Co-op Sales     8     $4,202,900     $525,363     $537,500     32          ... 01/12/2024

Wright's Shores 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     $2,720,499     $544,100     $475,000     26                   Cash     3     $1,132,550     $377,517     $420,050     12          Analysis By Area                   Kill Devil Hills Westside     8     $3,853,049     $481,631     $466,250     21                   Totals     8     $3,853,049     $481,631     $466,250     21                        Non Co-op Sales     2     $819,050     $409,525     $409,525     4                   Co-op Sales     6     $3,033,999     $505,667     $478,750     27                   Total Sales     8     $3,853,049     $481,631     $466,250... 01/12/2024

Avalon 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     18     $9,294,420     $516,357     $472,000     35                   VA     1     $412,500     $412,500     $412,500     72                   Cash     7     $3,072,000     $438,857     $515,000     31          Analysis By Area                   Kill Devil Hills b/w Hwys     6     $3,745,000     $624,167     $560,000     22                   Kill Devil Hills Westside     20     $9,033,920     $451,696     $448,000     40                   Totals     26     $12,778,920     $491,497     $472,000     36                        Non Co-op Sales     4     $2,399,000     $599,750     $... 01/12/2024

Kill Devil Hills Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $550,000     $550,000     $550,000     26                   Conventional     117     $69,226,227     $591,677     $565,000     34                   FHA     2     $859,000     $429,500     $429,500     41                   VA     6     $3,037,300     $506,217     $479,950     39                   Cash     48     $40,090,377     $835,216     $552,000     36                   Jumbo Loan     1     $1,385,000     $1,385,000     $1,385,000     1          Analysis By Area                   Kill Devil Hills Oceanside     7     $19,601,777     $2,800,254     $2,400,000     54       ... 01/12/2024

Is there a housing shortage in Kill Devil Hills? This is a question that many residents, workers and visitors may ask as they face the challenges of finding affordable and available long-term housing in the coastal town. According to the Kill Devil Hills Board of Commissioners and Planning Board, the answer is yes. The town is experiencing a lack of long-term housing options for its employees, seasonal workers and permanent residents, who often have to commute from other areas or settle for substandard living conditions. The town's economy relies heavily on tourism, which creates a high demand for short-term rentals that can generate more income for property owners than long-term leases. However, this also reduces the supply of housing units that can be used for year-round occupancy, cr... 09/08/2023

If you are considering buying a second home in Kill Devil Hills, NC, you may be wondering what are the tax advantages of this decision. Here are some of the main benefits you can enjoy as a second-home owner:- You can deduct the mortgage interest you pay on your second home, just like you do for your primary residence. The IRS allows you to deduct the interest on up to $1 million of debt used to acquire or improve your first and second homes combined.- You can also deduct the property taxes you pay on your second home, regardless of how many homes you own. There is no limit on the amount of real estate taxes that can be deducted, as long as they are based on the assessed value of the home and you itemize your deductions.- You can rent out your second home for up to 14 days per year and ... 08/29/2023

The Kitty Hawk Shores real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping Kitty Hawk Shores home sales strong and the prices up.     Residential Homes Sold in Kitty Hawk Shores in Kill Devil Hills From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,535,000     $511,667     $500,000     52          Analysis By Area                   Kill Devil Hills b/w Hwys     3     $1,535,000     $511,667     $500,000     52                   Totals     3     $1,535,000     $511,667  ... 04/23/2023

The Kill Devil Beach real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping Kill Devil Beach home sales strong and the prices up.     Residential Homes Sold in Kill Devil Beach in Kill Devil Hills NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,303,500     $434,500     $499,500     35          Analysis By Area                   Kill Devil Hills Westside     3     $1,303,500     $434,500     $499,500     35                   Totals     3     $1,303,500     $434,500  ... 04/23/2023

The Kill Devil Hills real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping Kill Devil Hills home sales strong and the prices up.     Residential Homes Sold in Kill Devil Hills NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     64     $32,093,988     $501,469     $497,250     43                   FHA     1     $165,000     $165,000     $165,000     37                   VA     6     $2,401,450     $400,242     $408,750     29                   Cash     13     $6,978,201     $536... 04/23/2023

The Ocean Acres real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping Ocean Acres home sales strong and the prices up.      Residential Homes Sold In Ocean Acres in Kill Devil Hills NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,665,000     $555,000     $610,000     32                   Cash     1     $430,000     $430,000     $430,000     50          Analysis By Area                   Kill Devil Hills b/w Hwys     1     $635,000     $635,000     $635,000     3   ... 04/17/2023

The First Flight Village real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping First Flight Village home sales strong and the prices up     Residential Homes Sold In First Flight Village in Kill Devil Hills NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $2,033,300     $508,325     $499,150     33                   Cash     1     $320,000     $320,000     $320,000     8          Analysis By Area                   Kill Devil Hills Westside     5     $2,353,300     $470... 04/17/2023

The Avalon Beach real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners are reluctant to sell right now and the lack of inventory is keeping Avalon Beach homes sales strong and the prices up.    Residential Homes Sold In Avalon Beach in Kill devil Hills NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     6     $2,852,000     $475,333     $448,000     59                   VA     1     $412,500     $412,500     $412,500     72                   Cash     1     $525,000     $525,000     $525,000     27          Analysis By Area                   Kill Devil Hills b/w Hwys     1     $580,000     $580,000    ... 04/17/2023

Forget what all the talking heads are saying. The real estate market is not crashing. It might be depressed in some areas but not in Kill devil Hills on the Outer Banks.While the Kill Devil Hills Home Sales market size has contracted considerably, the prices for homes are continuing to go up. This might be because property owners have become reluctant to sell which is keeping the inventory low which always boosts real estate prices.The number of home sales dropped 19% from 2021 to 2022  while at the same time, the median price went  up  17% from$417,412 in 2021 to $525,730 in 2022.  Kill Devil Hills Home Sales in 2022   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $607,000 $607,000 $607,000 46 Conventional 211 $118,585,887 $562,018 $520,000 ... 01/19/2023