Steady Sales, Rising Prices, and a Shifting Market Across the Islands

Hey everyone, it’s Trisha Midgett with Midgett Realty! As we move through the fall season, the Outer Banks real estate market continues to show strength and balance. While the days of bidding wars and lightning-fast sales are behind us, we’re seeing a healthy, sustainable pace — one that’s great for both buyers and sellers.

From Duck to Hatteras, activity remains steady, prices are holding strong, and inventory is slowly expanding to offer more options for those dreaming of a coastal getaway or investment home. Let’s take a look at how each area performed in the third quarter of 2025.

Overall Market Trends

Residential sales are up 6% this quarter compared to last year, with 466 homes sold. Year-to-date, sales are up 2%, showing that buyer demand remains resilient despite higher interest rates.

Inventory is ticking up too — up 3% from last September — giving buyers more to choose from while sellers continue to enjoy solid negotiating power.

Meanwhile, land sales have slowed, with 289 lots sold so far this year compared to 325 in 2024, as new construction and building permit values dip across Dare and Currituck Counties.

Area Breakdown

Duck

Duck saw an 8% increase in sales, with the median price up 11% to $949,500. That’s impressive for a well-established coastal market known for its luxury appeal and limited inventory.

Manteo

Manteo continues to shine — sales are up 47% year-over-year, reflecting the growing popularity of this historic, small-town waterfront community.

Hatteras Island

Here on Hatteras Island, things are holding steady. Sales are up 3%, and the median price rose 4% to $599,000 — a sign of consistent demand for this laid-back stretch of paradise.

Corolla

Corolla is seeing a bit of a correction, with sales down 27% and the median price dipping 6% to $830,000. It’s a more balanced environment — and potentially a good entry point for patient buyers.

Kill Devil Hills

Kill Devil Hills remains one of the most active markets on the beach, with 199 homes sold so far this year and median prices up 5% to $570,000.

What It All Means

The Outer Banks market is finding its footing after the wild ride of 2021 and 2022. We’re seeing smoother, more sustainable conditions that benefit both sides — buyers get more choices, and sellers still see strong values for well-maintained homes in prime locations.

If you’re thinking about buying or selling, now’s the perfect time to start planning your strategy for 2026.