Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Chocowinity
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Chocowinity: 1 in 4 listings didn't sell this year
Homes in Chocowinity that were priced right sold in 13 days. Ones that needed price cuts sat for 50 days and still had to come down. Median sold price is $418,000, with typical sellers getting 95.5% of first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in Chocowinity 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 The outlined ones expired, were withdrawn or were canceled.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 13 days. Needed price cuts: 50 days, and sold for 93.4% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,232 |
| Property taxes | $155 |
| Homeowners insurance | $250 |
| Upkeep | $348 |
| Utilities | $250 |
| About | $3,230 |
About $3,230 every month the home sits.
Listings that didn't sell stayed on the market a median of 179 days — roughly $19,000 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); Beaufort County rate 0.445 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
23%
23 of about 101 before closing
Those homes that later sold
70%
30% never sold
Sold vs. first ask after a fall-through
92.4%
vs. 95.8% on the first contract
Days to sell after a fall-through
132
vs. 29 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 36% · cash 41% · VA 5% · FHA 15%.
If you're selling
- Price it right from day one. Homes priced right sold in 13 days versus 50 days for the ones that needed cuts.
- 81% of homes that sold went for below the first asking price. Set the first number carefully.
- Listings that never sold sat a median of 179 days before coming off market, with a 1.4% median price cut along the way.
- 1 in 4 contracts fell apart before closing. Most often that's inspection, appraisal or financing issues industrywide. Homes that go back on market after a fall-through take a median of 132 days to sell, versus 29 days on a first contract.
If you're buying
- Typical days to sell is 32 days in Chocowinity right now. Homes that sit longer usually have room to negotiate.
- Typical sold price is 95.5% of first asking price, so there's some space to talk numbers.
- 41% of buyers paid cash, 36% went conventional, 15% FHA, and 5% VA. Financing mix varies, so know your options going in.
Did you know?
- An estimated typical monthly carrying cost on a $418,000 home is about $3,230, based on a 7.03% mortgage rate.
- A home that sits unsold for a while can rack up an estimated $19,000 in carrying costs.
- The rate of listings that didn't sell was 28% a year ago and is 27% now, about steady.
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Thinking of selling in Chocowinity? What it takes and what it costs →
For sellers
Listings that didn't sell
27%
about the same as a year ago
29 expired, withdrawn or canceled vs 77 sold
Sold vs. first asking price
95.5%
down 0.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
81%
share of homes that sold
Price cut on homes that didn't sell
1.4%
median — and they still didn't sell
For buyers
True days on market
32
down 10 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.5%
how far under the original price homes sold
Didn't sell, then sold on a relist
10%
of listings that didn't sell the first time
Median sold price
$418K
down 6.1% from a year ago
77 homes sold
The last 24 months
67% latest month · Aug 26
17 latest month · Aug 26
98.5% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 28 | 10 | 26% | 25 | 94.0% |
| $300–400K | 6 | 1 | 14% | 26 | 94.7% |
| $400–500K | 9 | 3 | 25% | 53 | 94.1% |
| $500–750K | 26 | 10 | 28% | 31 | 96.6% |
| $750K–1M | 4 | 1 | 20% | 34 | 97.7% |
| $1M+ | 4 | 4 | 50% | 105 | 93.2% |
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