Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Magnolia Greens, Leland
September 24, 2026
(910) 395‑1000 · buddyblake.ai
Magnolia Greens Homes Sell in 27 Days Typical
In Magnolia Greens, the typical home sold in 27 days over the last 12 months, at 97.6% of asking price. About 1 in 7 listings didn't sell at all, and homes priced right from the start moved in 17 days versus 85 days for those needing price cuts.
Which pile do you want to be in?
Out of every 20 homes listed in Magnolia Greens, 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 The outlined ones expired, were withdrawn or were canceled.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 17 days. Needed price cuts: 85 days, and sold for 94.0% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,727 |
| Property taxes | $147 |
| Homeowners insurance | $250 |
| Upkeep | $429 |
| Utilities | $250 |
| About | $3,800 |
About $3,800 every month the home sits.
Listings that didn't sell stayed on the market a median of 148 days — roughly $18,500 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
15%
9 of about 61 before closing
Those homes that later sold
78%
22% never sold
Sold vs. first ask after a fall-through
98.3%
vs. 97.6% on the first contract
Days to sell after a fall-through
61
vs. 22 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 67% · cash 27% · VA 4% · FHA 2%.
If you're selling
- Price it right from day one: homes priced correctly sold in 17 days, others sat 85 days before selling
- 19 listings needed a price cut and still sold at 94.0% of asking
- Waiting has a cost: estimated carrying cost while unsold runs about $20,900
- 15% of contracts fell apart before closing, most often inspection, appraisal or financing issues, but 78% of those homes went on to sell later at 98.3% of asking
If you're buying
- Typical home sells at 97.6% of asking, and 75% of homes sold below the first asking price
- Listings that never sold sat a median of 167 days, so watch for stale listings
- 67% of buyers used conventional financing, 27% paid cash
Did you know?
- 1 in 7 listings in Magnolia Greens didn't sell in the last 12 months
- 1 in 7 contracts fell apart before closing
- Estimated monthly carrying cost on a $515,000 home is about $3,800 at a 6.95% mortgage rate
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For sellers
Listings that didn't sell
16%
up 1.6 pts from a year ago
10 expired, withdrawn or canceled vs 52 sold
Sold vs. first asking price
97.6%
down 0.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
75%
share of homes that sold
Price cut on homes that didn't sell
2.8%
median — and they still didn't sell
For buyers
True days on market
27
up 6 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
20%
of listings that didn't sell the first time
Median sold price
$515K
up 17.0% from a year ago
52 homes sold
The last 24 months
50% latest month · Aug 26
23 latest month · Aug 26
95.7% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 3 | 0 | 0% | 61 | 98.3% |
| $300–400K | 14 | 2 | 13% | 23 | 98.0% |
| $400–500K | 6 | 3 | 33% | 53 | 96.1% |
| $500–750K | 25 | 4 | 14% | 24 | 97.6% |
| $750K–1M | 3 | 1 | 25% | 63 | 96.1% |
| $1M+ | 1 | 0 | 0% | 7 | 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 24, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000