Is Waves, NC 27982 a buyer’s or seller’s market?
Waves is a buyer’s market. With about 14.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Waves housing market right now
In the three months ending August 31, 2026, 0% of homes in Waves, NC 27982 sold above their list price, the typical home went under contract in 399 days and there were 14.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (164 days then) and the median sale price fell 8% to $642,172. Overall, Waves is less competitive than a year ago, which gives buyers more room.
Within Dare County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Manns Harbor 27953 (100% sold over asking) and Manteo 27954 (14% sold over asking) are even more competitive.
Run the numbers for 27982
Nearby markets
Avon 27915Buyer’s market $289 /sq ftBuxton 27920Buyer’s market $282 /sq ftFrisco 27936Buyer’s market $341 /sq ftHatteras 27943Buyer’s market $309 /sq ft Browse all markets →Where Waves is
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Questions about Waves real estate
Is Waves a buyer’s or seller’s market?
A buyer’s market: there were 14.4 months of supply in Waves, NC 27982 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 Waves?
The typical home went under contract in 399 days in the latest three months.
Do homes in Waves sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Waves?
About 0.52% of a home’s value a year in Dare County, or roughly $2,080 on a $400,000 home.
What is the median home price in Waves?
The median sale price was $642,172 in the three months ending August 31, 2026, about $430 per square foot.
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More tools for 27982
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology