Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Fawn Valley, Wilmington
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In Fawn Valley, 1 in 2 homes listed didn't sell
In the last 12 months, 40 homes finished their time on the market in the Fawn Valley neighborhood in Wilmington: 20 sold and 20 did not — about 1 in 2. The ones that sold took a median of 36 days, counted from the first day listed, and closed at 100.0% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in Fawn Valley, Wilmington over the last 12 months, the solid houses sold. The outlined ones expired, were withdrawn or were canceled.
What waiting costs
| Mortgage (principal + interest) | $3,112 |
| Property taxes | $150 |
| Homeowners insurance | $250 |
| Upkeep | $490 |
| Utilities | $250 |
| About | $4,250 |
About $4,250 every month the home sits.
Listings that didn't sell stayed on the market a median of 100 days — roughly $14,000 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 6.95% (Freddie Mac average, 2026-09-17); New Hanover County rate 0.306 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.
If you're selling
- Waiting costs money. A $587,748 home runs about $4,250 a month to hold — roughly $14,000 over the time a typical unsold listing sat.
If you're buying
- 15% of homes sold below their first asking price — the first price is often a starting point.
- Homes that sit usually sit for a reason. Listings that didn't sell stayed on the market a median of 100 days.
Did you know?
- A year earlier, 100% of listings didn't sell; now it's 50%.
Get the Fawn Valley, Wilmington report every month
The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.
For sellers
Listings that didn't sell
50%
down 50.0 pts from a year ago
20 expired, withdrawn or canceled vs 20 sold
Sold vs. first asking price
100.0%
median sale price ÷ original list price
Sold below first asking
15%
share of homes that sold
Price cut on homes that didn't sell
-0.5%
median — and they still didn't sell
For buyers
True days on market
36
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
10%
of listings that didn't sell the first time
Median sold price
$588K
20 homes sold
The last 11 months
0% latest month · Aug 26
43 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 |
|---|---|---|---|---|---|
| $400–500K | 2 | 1 | 33% | 42 | 98.2% |
| $500–750K | 18 | 19 | 51% | 36 | 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 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000