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Short Sale Listings in Ocracoke, NC 27960

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Ocracoke, NC Foreclosures

How much do homes sell for in Ocracoke, NC?
The average home price is currently $598,025.
What’s the average rental cost in Ocracoke, NC?
The average rental price in Ocracoke is $1,523.
What is the most expensive home in Ocracoke?
The most expensive home sold in Ocracoke had a price of $6,623,036.
What is currently the cheapest priced home in Ocracoke, NC?
The cheapest home for sale in Ocracoke is priced at $32,861.

Living in Ocracoke, NC

Ocracoke, located on North Carolina's Outer Banks, is known for its beautiful beaches, historic charm, and relaxed lifestyle. It is a small village with a tight-knit community and offers a unique blend of natural beauty and seaside traditions. The island is a popular destination for those looking to escape the hustle and bustle of city life, providing a perfect spot for vacation rentals or year-round living.

Current Market Conditions in Ocracoke, NC

The real estate market in Ocracoke is unique, characterized by its limited availability of properties and high demand, particularly for vacation rentals. The market has seen a steady increase in property values over the past few years due to rising interest in the Outer Banks as a travel destination. Homebuyers are particularly drawn to Ocracoke for its natural charm and serene environment, contributing to a competitive market.

In recent months, homes in Ocracoke have been selling faster than before, with many listings receiving multiple offers. This trend suggests that buyers are eager to invest in coastal properties, driving prices upward. The combination of historic homes and new constructions keeps the market dynamic and appealing to a variety of buyers.

Home Value Estimator For Ocracoke, NC

There are currently 2,702 real estate properties in Ocracoke, NC, with a median automated valuation model (AVM) price of $517,254.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ocracoke, 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 Ocracoke, NC, is $598,025.00, with the most expensive house in Ocracoke, NC, topping out at $6,623,036.00 and the cheapest home in Ocracoke, NC, clocking in at $32,861.00. In other words, there’s something for every potential homebuyer or savvy investor in Ocracoke, NC!

Rent Prices In Ocracoke, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ocracoke, NC, is on a rollercoaster ride. The average rent price in Ocracoke, NC, is $1,523.00. Indeed, when looking to rent in Ocracoke, NC, you can expect to pay as little as $610.00 or as much as $4,060.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Ocracoke, 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.

Ocracoke, NC 27960 Short Sale Listings

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