Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Bailey
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In Bailey, 1 in 4 Listings Didn't Sell Last Year
Bailey saw 152 homes wrap up over the last 12 months, and 111 sold while 41 didn't. That's a 27% didn't-sell rate, up from 12% the year before. Homes priced right from the start sold in 33 days, while ones that needed price cuts sat for 102 days before finally moving.
Which pile do you want to be in?
Out of every 20 homes listed in Bailey 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 The outlined ones expired, were withdrawn or were canceled.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 33 days. Needed price cuts: 102 days, and sold for 93.6% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,754 |
| Property taxes | $172 |
| Homeowners insurance | $250 |
| Upkeep | $274 |
| Utilities | $250 |
| About | $2,700 |
About $2,700 every month the home sits.
Listings that didn't sell stayed on the market a median of 138 days — roughly $12,300 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); Nash County rate 0.63 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%
20 of about 132 before closing
Those homes that later sold
80%
20% never sold
Sold vs. first ask after a fall-through
97.0%
vs. 99.2% on the first contract
Days to sell after a fall-through
68
vs. 68 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 38% · cash 9% · VA 13% · FHA 37%.
If you're selling
- Price it right from day one. Homes priced correctly sold in 33 days. Homes that needed cuts sat 102 days and still only got 93.6% of asking.
- Waiting has a real cost. A typical home here runs about $2,700 a month to carry, and sitting unsold is estimated to cost around $12,300.
- 15% of contracts fall apart before closing, about 1 in 7. Most often that's inspection, appraisal or financing issues, so get your home and paperwork ready before you list.
- If a contract does fall through, 80% of those homes go on to sell later, often at a strong 97.0% of asking.
If you're buying
- Homes in Bailey are selling at a typical 98.7% of first asking price, and 58% sold below that first ask, so there's room to negotiate.
- Listings that never sold sat a median 138 days, a sign to watch for stale listings and use that as leverage.
- Buyers here are paying a mix of ways. 38% conventional, 37% FHA, 13% VA, and 9% cash.
Did you know?
- Contracts fall apart 15% of the time in Bailey, about 1 in 7.
- When a contract falls apart, 80% of those homes go on to sell later, often at 97.0% of asking.
- Median sold price in Bailey is $328,490, with mortgage rates running about 7.03%.
Get the Bailey report every month
The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.
Thinking of selling in Bailey? What it takes and what it costs →
For sellers
Listings that didn't sell
27%
up 15.5 pts from a year ago
41 expired, withdrawn or canceled vs 111 sold
Sold vs. first asking price
98.7%
down 1.3 pts from a year ago
median sale price ÷ original list price
Sold below first asking
58%
share of homes that sold
Price cut on homes that didn't sell
1.7%
median — and they still didn't sell
For buyers
True days on market
67
up 4 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.3%
how far under the original price homes sold
Didn't sell, then sold on a relist
2%
of listings that didn't sell the first time
Median sold price
$328K
down 7.2% from a year ago
111 homes sold
The last 24 months
15% latest month · Aug 26
82 latest month · Aug 26
98.8% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 31 | 13 | 30% | 30 | 97.5% |
| $300–400K | 66 | 22 | 25% | 82 | 99.0% |
| $400–500K | 12 | 3 | 20% | 115 | 98.5% |
| $500–750K | 2 | 3 | 60% | 118 | 90.4% |
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 September 26, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000