Manteo, NC Foreclosures
How much do homes sell for in Manteo, NC?
The average home price is currently $597,030.
In Manteo, NC, how many homes are available?
There are currently 5 active home listings available in Manteo.
What’s the average rental cost in Manteo, NC?
The average rental price in Manteo is $1,576.
What is the most expensive home in Manteo?
The most expensive home sold in Manteo had a price of $13,423,064.
What is currently the cheapest priced home in Manteo, NC?
The cheapest home for sale in Manteo is priced at $25,618.
Living in Manteo, NC
Manteo, North Carolina, is a charming coastal town located on Roanoke Island, known for its rich history and access to beautiful beaches. This picturesque community offers a small-town feel with a vibrant arts scene and plenty of outdoor activities. Residents enjoy a close-knit community with friendly locals and an abundance of local shops and restaurants.
Current Market Conditions in Manteo, NC
The current real estate market in Manteo is characterized by a steady demand for homes, especially during the peak tourist seasons. As the inventory of homes for sale tightens, prices are expected to continue rising, making it a favorable market for sellers and a challenging one for buyers. The area's appeal as a vacation and retirement destination has attracted many buyers from outside the state, contributing to overall market activity.
There has been a noticeable increase in new construction activity, particularly for single-family homes, which reflects the growing interest in living in this picturesque area. Additionally, homes that boast waterfront views or easy access to the beach are particularly sought after, often leading to competitive bidding situations.
Home Value Estimator For Manteo, NC
There are currently 3,680 real estate properties
in Manteo, NC,
with a median automated valuation model (AVM) price
of $491,263.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Manteo, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Manteo, NC,
is $597,030.00, with the most expensive house
in Manteo, NC, topping out
at $13,423,064.00 and the cheapest home
in Manteo, NC,
clocking in at $25,618.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Manteo, NC!
Rent Prices
In Manteo, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Manteo, NC, is on
a rollercoaster ride. The
average rent price in Manteo, NC,
is $1,576.00. Indeed, when looking to rent in
Manteo, NC, you can expect to pay as little
as $570.00 or as much
as $4,060.00,
with the average rent median estimated to
be $1,460.00. The good news is that finding
an affordable and desirable property to rent in Manteo, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
