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Why Live in Waves
Waves, part of the Tri-villages on Hatteras Island in Nags Head, NC, is a small community known for its vibrant water sports scene and relaxed beach lifestyle. The village is popular among surfers and kiteboarders, with Real Watersports offering extensive kiteboarding classes and facilities. The area features a mix of classic beach cottages and modern homes, many with shingle siding, bright colors, and wraparound balconies. Flooding is a consideration, so homes are built on stilts and some are protected by double dunes. The Cape Hatteras National Seashore provides long stretches of beach perfect for surfing and fishing, while the Pamlico Sound offers calmer waters ideal for kiteboarding. Local businesses are mostly seasonal, with essentials available at Waves Market & Deli and more extensive shopping options in nearby Avon or Nags Head, each about 20 minutes away. The village is connected by North Carolina Highway 12, making travel to other parts of the Outer Banks convenient. While the local schools in Buxton are a half-hour drive away, they offer unique programs and maintain small enrollments. Despite the risk of hurricanes and flooding, Waves remains a sought-after destination for those looking to enjoy the sun, sand, and sea.
Home Trends in Waves, NC
On average, homes in Waves, Nags Head sell after 92 days on the market compared to the national average of 52 days. The median sale price for homes in Waves, Nags Head over the last 12 months is $745,000, down 7% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$745,000
Median Single Family Sale Price
$745,000
Average Price Per Sq Ft
$315
Number of Homes for Sale
14
Last 12 months Home Sales
13
Months of Supply
12.90
Median List Price
$799,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-7%