Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Adams Landing, Elizabeth City
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Adams Landing: Only 18% of Listings Didn't Sell This Year
In Adams Landing, homes are selling faster and more often than they used to. Over the last 12 months, 41 of 50 listings sold, typically in 22 days, at 99.2% of the first asking price. The share of listings that didn't sell dropped to 18%, down from 43% the year before.
Which pile do you want to be in?
Out of every 20 homes listed in Adams Landing, Elizabeth City 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 The outlined ones expired, were withdrawn or were canceled.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: 32 days, and sold for 96.0% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,281 |
| Property taxes | $124 |
| Homeowners insurance | $250 |
| Upkeep | $200 |
| Utilities | $250 |
| About | $2,110 |
About $2,110 every month the home sits.
Listings that didn't sell stayed on the market a median of 25 days — roughly $1,700 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 7.03% (Freddie Mac average, 2026-09-24); Pasquotank County rate 0.62 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. If your home is paid off, the mortgage line drops out — the rest still adds up.
When contracts fall apart
Contracts that fell apart
15%
7 of about 48 before closing
Those homes that later sold
86%
14% never sold
Sold vs. first ask after a fall-through
99.0%
vs. 99.2% on the first contract
Days to sell after a fall-through
52
vs. 20 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 27% · cash 10% · VA 15% · FHA 39%.
If you're selling
- Homes priced right from day one sold in a typical 19 days. Ones that needed cuts took 32 days and still sold at 96.0% of asking.
- Listings that never sold sat a median of 25 days before the seller pulled the plug.
- 1 in 6 listings in Adams Landing didn't sell this year. Overpricing is the main reason homes stall.
- If a contract falls apart, most often it's inspection, appraisal or financing issues. Those homes took a median of 52 days to sell the second time, but 86% did sell, at 99.0% of asking.
If you're buying
- Half of homes sold below the first asking price, so there's often room to negotiate.
- Homes priced right move in about 19 days. If you like a place, don't wait.
- Buyers are paying different ways: 39% FHA, 27% conventional, 15% VA, and 10% cash.
Did you know?
- The typical sold price in Adams Landing over the last 12 months was $239,990.
- 15% of contracts in Adams Landing fell apart before closing, about 1 in 7.
- At a 7.03% mortgage rate, the estimated monthly carrying cost on a $239,990 home is about $2,110.
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For sellers
Listings that didn't sell
18%
down 25.3 pts from a year ago
9 expired, withdrawn or canceled vs 41 sold
Sold vs. first asking price
99.2%
down 0.8 pts from a year ago
median sale price ÷ original list price
Sold below first asking
51%
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
22
down 22 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.8%
how far under the original price homes sold
Didn't sell, then sold on a relist
22%
of listings that didn't sell the first time
Median sold price
$240K
up 2.2% from a year ago
41 homes sold
The last 24 months
0% latest month · Aug 26
7 latest month · Aug 26
98.6% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 41 | 9 | 18% | 22 | 99.2% |
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 September 26, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000