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WAVES, NC 27982

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The WAVES, NC real estate market (27982) currently shows 14 active listings, with 2 pending sales. Homes are averaging 144 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 144 days on market compared to 79 days last year.

The median listing price has fallen 7.6% year-over-year, from $769,450 to $711,000.

Whether you are buying or selling in WAVES, NC, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 130  ·  Density: 75.9/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
14
⇧ 16.7% vs 12 last year
Pending
2
14% pending ratio
Median Price
$711,000
⇩ 7.6% vs $769,450 last year
Average Price
$846,891
⇧ 5.3% vs $804,476 last year
Days on Market
144
⇧ 82.3% vs 79 days last year

Price Per Square Foot

Median $/sqft
$306
⇩ 2.9% vs $315/sqft last year
Median Home Size
2,400 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 12 last year
  • Days on market: 144 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $711,000 (-7.6% YoY)
  • Average: $846,891 (+5.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 56.1 miles — 465 listings ($388,647,950 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27982Waves, NC 279820.0 mi13$9,751,066$689,000$750,082
27915Avon, NC 2791510.9 mi32$24,167,360$592,000$755,230
27920Buxton, NC 2792022.1 mi8$4,492,568$549,000$561,571
27959Nags Head, NC 2795923.5 mi63$71,179,479$742,000$1,129,833
27954Manteo, NC 2795426.9 mi39$22,458,969$516,950$575,871
27953Manns Harbor, NC 2795327.6 mi3$2,398,500$799,500$799,500
27948Kill Devil Hills, NC 2794833.7 mi134$113,605,602$615,000$847,803
27949Kitty Hawk, NC 2794940.5 mi126$120,636,432$699,000$957,432
27964Point Harbor, NC 2796441.7 mi2$1,079,500$539,750$539,750
27826Fairfield, NC 2782644.3 mi1$124,900$124,900$124,900
27925Columbia, NC 2792544.7 mi6$1,365,000$244,000$227,500
27939Grandy, NC 2793951.8 mi34$15,283,374$389,000$449,511
27965Poplar Branch, NC 2796556.1 mi4$2,105,200$499,000$526,300

Frequently Asked Questions

How many homes are for sale in WAVES, NC 27982?

As of February 2026, there are 14 active listings in WAVES, NC (zip code 27982), compared to 12 the prior year.

What is the median home price in WAVES, NC 27982?

The median listing price in WAVES, NC 27982 is $711,000 as of February 2026, a 7.6% decrease from $769,450 the prior year.

How long do homes stay on the market in WAVES, NC?

Homes in WAVES, NC 27982 spend an average of 144 days on the market before going under contract, compared to 79 days the prior year.

Is it a seller's or buyer's market in WAVES, NC 27982?

Based on current inventory and days-on-market data as of February 2026, WAVES, NC 27982 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 144 days on market compared to 79 days last year.

How much can I save on real estate commission in WAVES, NC?

With SELL123.com's maximum 3% commission, sellers in WAVES, NC 27982 save an estimated $14,220 compared to a typical 5% commission on the median listing price of $711,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.