Is Knotts Island, NC 27950 a buyer’s or seller’s market?
Knotts Island is a seller’s market. With about 2.9 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Knotts Island housing market right now
In the three months ending August 31, 2026, 33% of homes in Knotts Island, NC 27950 sold above their list price, the typical home went under contract in 59 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (75 days then) and the median sale price rose 42% to $624,230. Overall, Knotts Island is more competitive than a year ago, so tougher for buyers.
Within Currituck County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 71%.
Nearby, buyers who want less competition could look at Poplar Branch 27965 (0% sold over asking) or Point Harbor 27964 (0% sold over asking), while Maple 27956 (100% sold over asking) and Powells Point 27966 (50% sold over asking) are even more competitive.
Run the numbers for 27950
Nearby markets
Aydlett 27916Buyer’s market $155 /sq ftBarco 27917Balanced $273 /sq ftCoinjock 27923Seller’s market $251 /sq ftCorolla 27927Buyer’s market $351 /sq ft Browse all markets →Towns like Knotts Island nearby
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Questions about Knotts Island real estate
Is Knotts Island a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Knotts Island, NC 27950 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Knotts Island?
The typical home went under contract in 59 days in the latest three months.
Do homes in Knotts Island sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Knotts Island?
About 0.46% of a home’s value a year in Currituck County, or roughly $1,840 on a $400,000 home.
What is the median home price in Knotts Island?
The median sale price was $624,230 in the three months ending August 31, 2026, about $255 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology