Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Grimesland
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Grimesland: Price It Right, Sell in 45 Days, Not 135
Over the last 12 months in Grimesland, 152 homes sold and 21 didn't sell, a 12% didn't-sell rate, that's 1 in 8. Homes priced right from the start typically sold in 45 days, while listings that needed price cuts took 87 days, and those that never sold sat a median of 135 days.
Which pile do you want to be in?
Out of every 20 homes listed in Grimesland 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 The outlined ones expired, were withdrawn or were canceled.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 45 days. Needed price cuts: 87 days, and sold for 92.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,082 |
| Property taxes | $184 |
| Homeowners insurance | $250 |
| Upkeep | $325 |
| Utilities | $250 |
| About | $3,090 |
About $3,090 every month the home sits.
Listings that didn't sell stayed on the market a median of 135 days — roughly $13,700 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
14%
24 of about 176 before closing
Those homes that later sold
75%
21% never sold
Sold vs. first ask after a fall-through
93.6%
vs. 99.7% on the first contract
Days to sell after a fall-through
125
vs. 55 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 52% · cash 20% · VA 5% · FHA 22%.
If you're selling
- Price it right from day one. Homes priced correctly sold in 45 days versus 87 days for those needing cuts.
- The $500-750K range struggled most, with a 14% didn't-sell rate. The $400-500K range did best at 6%.
- Waiting costs money. A typical home sitting unsold runs about an estimated $13,700 in carrying costs.
- 14% of contracts fell apart before closing, most often inspection, appraisal or financing issues. If that happens, homes that later sold took 125 days and sold at 93.6% of asking.
If you're buying
- 55% of homes in Grimesland sold below the first asking price, so there's room to negotiate.
- Homes that needed price cuts still sold, just slower, 87 days versus 45 days for priced-right listings.
- Financing mix varies: 52% conventional, 22% FHA, 20% cash, 5% VA.
Did you know?
- Median sold price in Grimesland was $389,975 over the last 12 months.
- Typical sold price came in at 98.9% of first asking price.
- At a 7.03% mortgage rate, the estimated monthly carrying cost on a $389,975 home is about $3,090.
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Thinking of selling in Grimesland? What it takes and what it costs →
For sellers
Listings that didn't sell
12%
up 1.8 pts from a year ago
21 expired, withdrawn or canceled vs 152 sold
Sold vs. first asking price
98.9%
down 1.1 pts from a year ago
median sale price ÷ original list price
Sold below first asking
55%
share of homes that sold
Price cut on homes that didn't sell
0.0%
median — and they still didn't sell
For buyers
True days on market
64
up 19 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
33%
of listings that didn't sell the first time
Median sold price
$390K
down 1.2% from a year ago
152 homes sold
The last 24 months
13% latest month · Aug 26
10 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 | 36 | 5 | 12% | 13 | 98.0% |
| $300–400K | 39 | 4 | 9% | 168 | 98.4% |
| $400–500K | 46 | 3 | 6% | 73 | 99.7% |
| $500–750K | 24 | 4 | 14% | 53 | 99.7% |
| $750K–1M | 3 | 0 | 0% | 56 | 91.0% |
| $1M+ | 4 | 5 | 56% | 114 | 93.4% |
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