Is Manteo, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manteo is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Manteo has remained a Seller's Market.

Key Takeaway

Manteo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Manteo, NC

How much do homes in Manteo, NC cost?

Median Sold Price

$360,000

$360/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$890,000(-71.2%)

Key Takeaway

Homes in Manteo have sold for 71.2% less than they did a month ago.

Summary: The median home sold price in Manteo was $360,000 in November 2024, down 71.2% from last month, and the median price per square foot was $360.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$360K
N/A
3 --
N/A
4 $1.2M-
N/A
5+ --
N/A

Summary: Manteo 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 Manteo, NC

How many homes are available in Manteo, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
34+33.3%

Summary: The Manteo real estate market had 4 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 01
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Manteo 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

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 Manteo, 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 Manteo in November 2024, the same as the previous 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 Manteo, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
7 Days107 Days+1428.6%

Summary: Homes in Manteo had an average of 107 days on market in Nov 2024, up by 1428.6% 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 Manteo 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 Manteo; 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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