Manteo Housing Market Report February 2025•Dare County, North Carolina

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Housing Prices in Manteo, NC

How much do homes in Manteo, NC cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Manteo is a Buyer's Market

Difference Since February 2024

At the same time last year, Manteo was a Neutral Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$557,000$359/SqFt
+$39,500
+7.6%

Based on all homes sold in the last 12 months

Insight

Homes in Manteo have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Manteo was $557,000 in February 2025, up 7.6% from last year, and the median price per square foot was $359.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Nags Head Township
+15.0%
Manteo
+7.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$365K$345K
-5.5%
2$438K$405K
-7.5%
3$500K$557K
+11.4%
4$630K$895K
+42.1%
5$1.1M$934.1K
-20.8%

Summary: Manteo housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.5%. The home price for 2 bedroom homes decreased by -7.5%. The home price for 3 bedroom homes increased by +11.4%. The home price for 4 bedroom homes increased by +42.1%. The home price for 5 bedroom homes decreased by -20.8%.

How does Manteo, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Manteo, NC

Housing supply in Manteo, NC

How many homes are available in Manteo, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
53Last MonthFeb 2025
492 months agoJan 2025
+8.2 %
Change MoMJan – Feb

Summary: The Manteo real estate market had 53 homes for sale in Feb 2025, a 8.2 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthFeb 2025
102 months agoJan 2025
-90.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
144
0.0%
269
+50.0%
32324
+4.3%
41312
-7.7%
534
+33.3%

Summary: Manteo housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +4.3%. The inventory for 4 bedroom homes decreased by -7.7%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Manteo, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Manteo, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Manteo in February 2025, down by 90.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for Manteo, NC

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Manteo has remained consistent over time.

Summary: During February 2025, 1 homes were sold in Manteo; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
80 DaysThis YearFeb 2025
83 Days1 year agoFeb 2024
-3.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Manteo had an average listing age of 80 days in Feb 2025, down by 3.9% compared to the previous year.

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Newest Listings in Manteo, NC

What homes are available in Manteo, NC?

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Nearby markets aren't available for Manteo, NC

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MLS Disclaimers and Copyright

Based on information from Outer Banks MLS, and Hive MLS for the period 03/01/2023 - 03/01/2025

Information is provided by Outer Banks Association of REALTORS®, Inc. Multiple Listing Service. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Outer Banks Association of REALTORS®, Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.