Buddy Blake Team · Coldwell Banker Sea Coast Advantage

Market insights: Richlands

October 9, 2026
(910) 395‑1000 · buddyblake.ai

In Richlands, 72% of Buyers Use VA Loans

Richlands homes typically sell in 31 days at 99.5% of asking price. Most buyers here use VA financing, and sellers who price right from day one sell in 19 days versus 80 days for those who need price cuts. About 9% of listings didn't sell in the last 12 months, roughly 1 in 11.

Summary written October 7, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.

Which pile do you want to be in?

Out of every 20 homes listed in Richlands over the last 12 months, the solid houses sold. The outlined ones expired, were withdrawn or were canceled.

Priced right from day one: sold in a median 19 days. Needed price cuts: 80 days, and sold for 94.4% of the first price.

What waiting costs

A typical $292,000 home, per month
Property taxes	$159
Homeowners insurance	$250
Upkeep	$243
Utilities	$250
Your mortgage payment	if you have one
About	$902 + mortgage

About $902 every month the home sits — plus your mortgage payment.

Listings that didn't sell stayed on the market a median of 83 days — roughly $2,453 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.

An example, not a quote: Onslow County rate 0.655 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates.

When contracts fall apart

Contracts that fell apart

15%

86 of about 576 before closing

Those homes that later sold

90%

9% never sold

Sold vs. first ask after a fall-through

98.7%

vs. 99.8% on the first contract

Days to sell after a fall-through

vs. 24 on the first contract

The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 10% · cash 8% · VA 72% · FHA 9%.

If you're selling

Price it right from day one. Homes priced right sold in 19 days. Homes that needed cuts took 80 days and still only brought 94.4% of asking.
Waiting has a cost. Carrying an unsold home runs about $2,453 a month before the mortgage, versus an estimated $902 once it's sold.
15% of contracts fall apart here, about 1 in 7. Most often inspection, appraisal or financing issues cause this, based on general industry experience.
If your contract falls apart, don't panic. 89% of those homes sold later, just at a slower pace, about 74 more days.

If you're buying

There's room to negotiate. Half of Richlands homes sold below the first asking price, and the typical home sells at 99.5% of asking.
Homes that sit too long usually have a pricing problem. Listings that never sold sat a median of 83 days before coming off market.
Most buyers here use VA loans, 72% of them. Conventional, cash and FHA make up the rest.

Did you know?

72% of buyers in Richlands used VA loans in the last 12 months.
The typical home in Richlands sells in 31 days.
15% of contracts fell apart in the last 12 months, about 1 in 7, but 89% of those homes sold later anyway.

The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.

Yes, email me the Richlands market report from the Buddy Blake Team about once a month. I can unsubscribe anytime.

Thinking of selling in Richlands? What it takes and what it costs →

Deal Killer Report: how often contracts fall apart in Richlands — and what it costs the seller →

For sellers

Listings that didn't sell

about the same as a year ago

49 expired, withdrawn or canceled vs 488 sold

Sold vs. first asking price

99.5%

down 0.5 pts from a year ago

median sale price ÷ original list price

Sold below first asking

52%

share of homes that sold

Price cut on homes that didn't sell

0.0%

median — and they still didn't sell

For buyers

True days on market

up 7 days from a year ago

median for sold homes, counted from the first listing

Typical room below first ask

0.5%

how far under the original price homes sold

Didn't sell, then sold on a relist

33%

of listings that didn't sell the first time

Median sold price

$292K

up 5.2% from a year ago

488 homes sold

The last 24 months

Didn't sell (%)

10% latest month · Sep 26

True days on market (sold)

35 latest month · Sep 26

Sold vs. first asking (%)

99.1% latest month · Sep 26

By starting price

First asking	Sold	Didn't sell	% didn't sell	True days	Sold vs. first ask
Under $300K	259	27	9%	20	100.0%
$300–400K	215	17	7%	47	98.7%
$400–500K	8	2	20%	230	97.1%
$500–750K	2	1	33%	135	98.8%
$750K–1M	2	1	33%	62	89.3%
$1M+	2	1	33%	9	55.0%

Neighborhoods in Richlands

Neighborhood	Sold	Didn't sell	% didn't sell	True days	Sold vs. first ask
Driftwood	44	1	2%	40	100.0%
Squires Run Village	42	1	2%	153	98.6%

Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired, were withdrawn or were canceled (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated October 9, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000