Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Wallace
October 9, 2026
(910) 395‑1000 · buddyblake.ai
Wallace: 1 in 3 Listings Didn't Sell Last Year
In Wallace, 98 homes sold over the last 12 months and 55 didn't, a 36% rate. Homes priced right from day one sold in 40 days, while ones that needed price cuts took 86 days and still sold for less.
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 Wallace 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 The outlined ones expired, were withdrawn or were canceled.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 41 days. Needed price cuts: 86 days, and sold for 92.6% of the first price.
What waiting costs
| Property taxes | $181 |
| Homeowners insurance | $250 |
| Upkeep | $312 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $993 + mortgage |
About $993 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 171 days — roughly $5,586 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Duplin County rate 0.58 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
19%
23 of about 122 before closing
Those homes that later sold
57%
44% never sold
Sold vs. first ask after a fall-through
91.9%
vs. 96.4% on the first contract
Days to sell after a fall-through
108
vs. 51 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 42% · cash 24% · VA 19% · FHA 12%.
If you're selling
- Price it right from day one, pricing right meant selling in 40 days instead of 86
- Homes in the $500–750K range struggled most, 52% didn't sell
- The $300–400K range did best, only 16% didn't sell
- If a contract falls apart, re-selling takes about 108 days instead of 50, so prepare for that delay
If you're buying
- About 1 in 3 Wallace listings didn't sell, so there's room to negotiate on price
- Homes that sat priced too high eventually sold at 92.6% of asking, below the typical 96.3%
- Most buyers used conventional loans (43%), but cash buyers made up 25%
Did you know?
- Typical days to sell in Wallace is 57 days
- 78% of homes that sold went for below the first asking price
- Carrying a typical $373,950 home while unsold runs about $5,586, versus an estimated $993 a month after it sells
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Thinking of selling in Wallace? What it takes and what it costs →
For sellers
Listings that didn't sell
36%
up 1.7 pts from a year ago
55 expired, withdrawn or canceled vs 99 sold
Sold vs. first asking price
96.4%
up 1.2 pts from a year ago
median sale price ÷ original list price
Sold below first asking
78%
share of homes that sold
Price cut on homes that didn't sell
1.3%
median — and they still didn't sell
For buyers
True days on market
60
down 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
24%
of listings that didn't sell the first time
Median sold price
$373K
up 9.7% from a year ago
99 homes sold
The last 24 months
36% latest month · Sep 26
35 latest month · Sep 26
100.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 20 | 9 | 31% | 31 | 97.7% |
| $300–400K | 36 | 7 | 16% | 75 | 96.3% |
| $400–500K | 18 | 7 | 28% | 17 | 96.5% |
| $500–750K | 22 | 24 | 52% | 97 | 95.0% |
| $750K–1M | 3 | 7 | 70% | 51 | 95.5% |
| $1M+ | 0 | 1 | 100% | — | — |
Neighborhoods in Wallace
| Neighborhood | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| River Landing | 46 | 39 | 46% | 88 | 94.4% |
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