Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Grifton
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Grifton: 1 in 6 Listings Didn't Sell Last Year
In Grifton, 94 homes sold over the last 12 months and 18 didn't sell, that's 16 percent, or 1 in 6. Homes priced right from the start sold in 19 days, but the ones that needed price cuts sat for 72 days before finding a buyer.
Which pile do you want to be in?
Out of every 20 homes listed in Grifton 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 The outlined ones expired, were withdrawn or were canceled.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 19 days. Needed price cuts: 72 days, and sold for 94.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,228 |
| Property taxes | $109 |
| Homeowners insurance | $250 |
| Upkeep | $192 |
| Utilities | $250 |
| About | $2,030 |
About $2,030 every month the home sits.
Listings that didn't sell stayed on the market a median of 112 days — roughly $7,400 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); Pitt County rate 0.5663 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
21%
26 of about 123 before closing
Those homes that later sold
89%
8% never sold
Sold vs. first ask after a fall-through
96.2%
vs. 99.6% on the first contract
Days to sell after a fall-through
54
vs. 32 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 14% · VA 18% · FHA 29%.
If you're selling
- Price it right from day one. Homes priced right sold in 19 days and 60 sellers did this.
- Listings that needed a price cut took 72 days and 34 sellers went through it, still selling at 94.2% of asking.
- Homes that never sold sat a median of 112 days and typically saw a 2.5% price cut before giving up.
- 1 in 5 contracts fell apart in Grifton, most often inspection, appraisal or financing issues. Most of those homes, 89%, went on to sell later, at 96.2% of asking, but it took 54 more days.
If you're buying
- 57% of sales in Grifton went for under the first asking price, so there's room to negotiate.
- Typical time to sell is 40 days, and homes that needed a price cut sat around 72 days, that's a chance to find sellers ready to talk.
- Buyers are financing a mix of ways: 36% conventional, 29% FHA, 18% VA, and 14% paying cash.
Did you know?
- Median sold price in Grifton over the last 12 months was $229,950.
- On a home at that price, with a 7.03% mortgage rate, estimated monthly carrying cost runs about $2,030.
- A home that sits unsold for the median 112 days carries an estimated cost of about $7,400.
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Thinking of selling in Grifton? What it takes and what it costs →
For sellers
Listings that didn't sell
16%
up 1.1 pts from a year ago
18 expired, withdrawn or canceled vs 94 sold
Sold vs. first asking price
98.7%
up 0.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
57%
share of homes that sold
Price cut on homes that didn't sell
2.5%
median — and they still didn't sell
For buyers
True days on market
40
up 15 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
0%
of listings that didn't sell the first time
Median sold price
$230K
up 5.6% from a year ago
94 homes sold
The last 24 months
0% latest month · Aug 26
14 latest month · Aug 26
100.5% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 76 | 14 | 16% | 44 | 98.8% |
| $300–400K | 10 | 2 | 17% | 20 | 98.3% |
| $400–500K | 4 | 1 | 20% | 29 | 97.5% |
| $500–750K | 4 | 0 | 0% | 54 | 97.7% |
| $1M+ | 0 | 1 | 100% | — | — |
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