OBX Real Estate Market: January 2025

As we start off 2025 the OBX real estate market January 2025 has settled into a transitionary period from the frantic buying, we saw in early 2024. The market is still feeling the effects of high interest rates as many buyers are still on the sidelines.  However, buyers are starting to come back as January 2025 saw a nice increase in the number of sales compared to January 2024. Mortgage rates for 2nd homes/investment property are still in the 6.75-7.25% range. Inventory is starting to increase as we saw the most houses listed in January since May 2024. House are sitting on the market longer with days on market at the highest level in years. This is not a bad thing, especially for buyers, as all these factors contributed to more price reductions and negotiations on offers. While the average sold price in 2024 increased 2.5% hitting an all-time high, since June 2024 it’s been slightly decreasing each month. January has continued that trend with prices starting off 6% below 2024. For now, it looks like we have reached the peak of the market on the Outer Banks. If and when mortgage rates do come down, with so many buyers on the sidelines, I feel like market will take off again. When is that going to happen? I guess we will have to wait and see.

This is a great time to come down to the Outer Banks to look at houses and the perfect time to buy. If you are looking for a rental property buying now before the rental season starts gets you approx. 100% of the 2025 rental income and only 7-9 months of expenses. By doing this sets up a cash flow that can be really attractive to start your OBX investment. Let me know if want to schedule a time to view houses. Not ready to make the trip down, sign up for a Listing Manager account or for Market Reports to stay up to date on the Outer Banks real estate market. You can also send me your search criteria and I will set up an auto email search for you.

If you have a house to sell or know anyone that wants to sell, the next 3 months is the best time of year to sell before the rental season starts. With more inventory coming on the market and fewer buyers pricing your property correctly is vital. Overpricing can lead to lost buyers and extended time on the market. Find out what your property is worth with a Free Home Valuation.

Since 2003 Matt ranks in the top 7% of all Realtors on the Outer Banks in total sales volume and number of houses sold. Contact Matt today to get the process started to find your Outer Banks property.
January MLS Stats
  • Total Listings 180
  • Total Sales 87
  • Total Active Listings 516
  • Avg List Price $804,781
  • Avg Sold Price $776,137
  • Avg Days on Market 65
  • 32 out of the 88 sales were cash buyers
Disclaimer: This representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service. Information contained herein is deemed reliable but not guaranteed. Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market. Data provided from 2003 to 2025 from Corolla to Hatteras for single family homes, condo, townhomes only.
A big part of buying Property on the Outer Banks is finding the right lender and getting pre-qualified. Below are two local lenders that you can contact to get the mortgage process started.

Kelly Tolson-Arbor Home Loans
Mortgage Loan Originator, NMLS# 664230
Kill Devil Hills, NC 27948
Phone: (252) 364-3712
Email: ktolson@arborhl.com

Jamie Lavier-Towne Bank Mortgage
Senior Loan Officer-NMLS # 996395
Kitty Hawk, NC 27949
Office # 252-255-4561
Cell # 252-489-9317
Email Me
Outer Banks News & Happenings
  • The Mid Currituck Bridge is still moving forward with the process of getting permits approved so construction can begin. There is a public meeting being help on Feb 27th. The preliminary start date is still up in the air, but the project is still moving along. For more information go to NCDOT-Mid Currituck Bridge
  • Outer Banks Bike week will make its annual return to the OBX April 19th-27th
  • LivefromOBX summer concert series has announced the first 2 or 10 shows of the summer. Held at Roanoke Island Festival Park. Enjoy a great night of music in a beautiful setting.
  • Free climb day announced for The Currituck Lighthouse March 22nd from 9am-5pm