Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Driftwood, Richlands
September 25, 2026
(910) 395‑1000 · buddyblake.ai
In Driftwood, every single home sold in 12 months
Driftwood had 40 listings end in the last 12 months and all 40 sold, none expired or got pulled. Typical time to sell was 40 days, and the median sold price was $313,490. Most buyers here used VA financing.
Which pile do you want to be in?
Out of every 20 homes listed in Driftwood, 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 The outlined ones expired, were withdrawn or were canceled.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 29 days. Needed price cuts: 83 days, and sold for 93.3% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,674 |
| Property taxes | $171 |
| Homeowners insurance | $250 |
| Upkeep | $261 |
| Utilities | $250 |
| About | $2,610 |
About $2,610 every month the home sits.
An example, not a quote: 20% down, 30-year fixed at 7.03% (Freddie Mac average, 2026-09-24); 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. If your home is paid off, the mortgage line drops out — the rest still adds up.
When contracts fall apart
Contracts that fell apart
26%
14 of about 54 before closing
Those homes that later sold
100%
0% never sold
Sold vs. first ask after a fall-through
100.0%
vs. 100.0% on the first contract
Days to sell after a fall-through
49
vs. 34 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 20% · cash 5% · VA 73% · FHA 3%.
If you're selling
- Homes priced right sold in a median of 29 days. Homes that needed price cuts took 83 days and sold at 93.3% of asking.
- 43% of homes in Driftwood sold below the first asking price, so starting price matters.
- 26% of contracts fell apart before closing, about 1 in 4. Most often that's inspection, appraisal or financing issues.
- Homes that had a contract fall through and later sold still got 100.0% of asking, but it took a median of 49 days longer.
If you're buying
- 43% of homes sold below the original asking price, so there is room to negotiate.
- 73% of buyers in Driftwood used VA financing, 20% conventional, 5% cash, and 3% FHA.
- Homes that needed a price cut sat for a median of 83 days before selling.
Did you know?
- The typical time to sell in Driftwood is 40 days.
- Estimated monthly carrying cost on a $313,490 home at a 7.03% mortgage rate is about $2,610.
- If a contract fell through, 100% of those homes still sold later, none went unsold.
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For sellers
Listings that didn't sell
0%
0 expired, withdrawn or canceled vs 40 sold
Sold vs. first asking price
100.0%
median sale price ÷ original list price
Sold below first asking
43%
share of homes that sold
Price cut on homes that didn't sell
—
median — and they still didn't sell
For buyers
True days on market
40
median for sold homes, counted from the first listing
Typical room below first ask
0.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
—
of listings that didn't sell the first time
Median sold price
$313K
40 homes sold
The last 8 months
0% latest month · Aug 26
25 latest month · Aug 26
100.0% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 10 | 0 | 0% | 37 | 100.0% |
| $300–400K | 30 | 0 | 0% | 40 | 100.0% |
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 25, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000