Is Kitty Hawk, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kitty Hawk is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Kitty Hawk was a Seller's Market.

Key Takeaway

Kitty Hawk is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kitty Hawk, NC

How much do homes in Kitty Hawk, NC cost?

Median Sold Price

$500,000

$401/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$225,000(-31.0%)

Key Takeaway

Homes in Kitty Hawk have sold for 31% less than they did a month ago.

Summary: The median home sold price in Kitty Hawk was $500,000 in November 2024, down 31% from last month, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$500K
N/A
3 --
N/A
4 $725K-
N/A
5+ --
N/A

Summary: Kitty Hawk housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kitty Hawk, NC

How many homes are available in Kitty Hawk, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1012+20.0%

Summary: The Kitty Hawk real estate market had 12 homes for sale in November 2024, a 20.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 34
+33.3%
4 53
-40.0%
5+ 14
+300.0%

Summary: The Kitty Hawk housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kitty Hawk, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Kitty Hawk in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Kitty Hawk, NC

How long does it take to sell a home in Kitty Hawk, NC?

Average Sale Time

Oct 2024Nov 2024CHANGE
30 Days160 Days+424.6%

Summary: Homes in Kitty Hawk had an average of 160 days on market in Nov 2024, up by 424.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kitty Hawk are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Kitty Hawk; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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