Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Grand Park, Leland
September 24, 2026
(910) 395‑1000 · buddyblake.ai
Grand Park Homes Take 121 Days To Sell Now
In the Grand Park neighborhood in Leland, 66 of 69 listings sold over the last 12 months, and the typical home took 121 days to sell. Buyers are paying a median 93.2% of first asking price, and homes priced right from the start moved in 49 days versus 139 days for ones that needed price cuts.
Which pile do you want to be in?
Out of every 20 homes listed in Grand Park, Leland 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 The outlined ones expired, were withdrawn or were canceled.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 49 days. Needed price cuts: 139 days, and sold for 88.3% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,355 |
| Property taxes | $127 |
| Homeowners insurance | $250 |
| Upkeep | $371 |
| Utilities | $250 |
| About | $3,350 |
About $3,350 every month the home sits.
Listings that didn't sell stayed on the market a median of 218 days — roughly $24,000 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); Brunswick County rate 0.342 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
11%
8 of about 74 before closing
Those homes that later sold
75%
0% never sold
Sold vs. first ask after a fall-through
94.2%
vs. 93.2% on the first contract
Days to sell after a fall-through
66
vs. 122 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 65% · cash 14% · VA 6% · FHA 12%.
If you're selling
- Price it right on day one: homes priced correctly sold in 49 days, ones that needed cuts took 139 days.
- Listings that never sold sat for a median of 218 days and still needed a 6.3% price cut.
- 12% of contracts fell apart before closing, most often inspection, appraisal or financing issues. Homes that went back on the market resold 78% of the time, at a median 95.0% of asking.
- Carrying an unsold home here runs about an estimated $3,350 a month, or about $24,000 while it sits.
If you're buying
- Median sale price is $444,618, and buyers are paying a median 93.2% of first asking price, with 74% of homes selling below the original ask.
- Homes needing a price cut sat a median of 139 days, so patience can pay off.
- Financing mix here: 65% conventional, 13% cash, 13% FHA, 6% VA.
Did you know?
- 1 in 23 listings in Grand Park didn't sell over the last 12 months.
- 1 in 9 contracts here fell apart before closing.
- When a contract fell apart and the home later resold, it went for a median 95.0% of asking, close to the 93.6% first-contract homes got.
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For sellers
Listings that didn't sell
4%
up 2.0 pts from a year ago
3 expired, withdrawn or canceled vs 66 sold
Sold vs. first asking price
93.2%
down 6.5 pts from a year ago
median sale price ÷ original list price
Sold below first asking
74%
share of homes that sold
Price cut on homes that didn't sell
6.3%
median — and they still didn't sell
For buyers
True days on market
121
up 43 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
6.8%
how far under the original price homes sold
Didn't sell, then sold on a relist
0%
of listings that didn't sell the first time
Median sold price
$445K
down 3.7% from a year ago
66 homes sold
The last 20 months
11% latest month · Aug 26
141 latest month · Aug 26
87.8% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 20 | 2 | 9% | 139 | 97.4% |
| $400–500K | 12 | 1 | 8% | 130 | 88.7% |
| $500–750K | 34 | 0 | 0% | 100 | 89.0% |
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 24, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000