The Manteo housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Manteo currently stands at $605,000. With 20 active listings, inventory is 82% higher than seasonal norms. Homes are now taking an average of 244 days to sell, significantly longer than the 11 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Manteo market with the affordability index at 1458.2. Based on current market indicators, home prices in Manteo are projected to decrease by approximately 13.8% over the next month.