Dare County properties see significant price increases ahead of March 2024 sales

Dare County's real estate market is experiencing significant growth, with property values soaring across various regions. During the recent Board of Commissioners meeting on March 3, 2025, officials highlighted a series of impressive sales data that underscores this trend.

Notably, properties in Southern Shores saw a staggering 58% increase in value, with a home assessed at $1,240,800 selling for $2,300,000 in February 2024. Similarly, a property in Kill Devil Hills, assessed at $449,800, sold for $715,000 in March 2024, marking a 59% increase. Other areas, including Salvo and Frisco, reported increases of 67% and 98%, respectively, showcasing a robust demand for real estate in Dare County.

Commissioners cautioned, however, against assuming that all properties are appreciating at the same rate. They emphasized that while the aggregate data reflects a general upward trend, individual property values can vary significantly. This nuanced understanding is crucial for potential buyers and investors navigating the local market.

Adding to the discussion, a report from SmartAsset ranked Dare County as the wealthiest county in North Carolina, based on median income, investment income, and property values. The median home value in the area is reported at $599,000, further illustrating the county's economic vitality.

As Dare County continues to attract attention for its real estate opportunities, officials are committed to providing accurate information to ensure that residents and prospective buyers have a clear picture of the market landscape. The meeting concluded with a call for ongoing analysis to keep pace with the rapidly changing property values in the region.