Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Martin Farms, Aberdeen
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Martin Farms: Pricing Right Cuts Sale Time Nearly In Half
In Martin Farms, homes typically took 146 days to sell over the last 12 months, but the ones priced right from the start sold in 52 days. Homes that needed price cuts sat for 188 days and still sold for less, and 2 listings didn't sell at all. Median sold price was $272,500, with typical sellers getting 96.3% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in Martin Farms, Aberdeen 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 The outlined ones expired, were withdrawn or were canceled.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 52 days. Needed price cuts: 188 days, and sold for 92.3% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,455 |
| Property taxes | $67 |
| Homeowners insurance | $250 |
| Upkeep | $227 |
| Utilities | $250 |
| About | $2,250 |
About $2,250 every month the home sits.
Listings that didn't sell stayed on the market a median of 171 days — roughly $12,600 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); Moore County rate 0.295 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
13%
8 of about 61 before closing
Those homes that later sold
88%
13% never sold
Sold vs. first ask after a fall-through
90.1%
vs. 96.6% on the first contract
Days to sell after a fall-through
276
vs. 125 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 51% · cash 0% · VA 38% · FHA 9%.
If you're selling
- Homes priced right from day one sold in 52 days versus 188 days for ones that needed cuts
- 4% of listings didn't sell in the last 12 months, up from 0% the year before
- 29 listings needed price cuts and still only sold at 92.3% of asking
- 13% of contracts fell apart before closing, most often inspection, appraisal or financing issues, and relisting after that took a median 276 days to sell
If you're buying
- 77% of homes in Martin Farms sold below the first asking price, so there's room to negotiate
- Homes that sat needed a median price cut of 4.2% before they sold
- No buyers paid all cash: 51% used conventional loans, 38% VA, and 9% FHA
Did you know?
- A typical Martin Farms home near $272,500 with a 7.03% mortgage rate runs about $2,250 estimated monthly carrying cost
- Sellers whose listings never sold carried their homes an estimated $12,600 in extra costs over 171 days
- 1 in 8 contracts in Martin Farms fell apart before closing in the last 12 months
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For sellers
Listings that didn't sell
4%
up 3.6 pts from a year ago
2 expired, withdrawn or canceled vs 53 sold
Sold vs. first asking price
96.3%
down 1.7 pts from a year ago
median sale price ÷ original list price
Sold below first asking
77%
share of homes that sold
Price cut on homes that didn't sell
4.2%
median — and they still didn't sell
For buyers
True days on market
146
up 54 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.7%
how far under the original price homes sold
Didn't sell, then sold on a relist
100%
of listings that didn't sell the first time
Median sold price
$273K
down 2.7% from a year ago
53 homes sold
The last 14 months
0% latest month · Aug 26
54 latest month · Aug 26
96.6% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 28 | 2 | 7% | 175 | 94.2% |
| $300–400K | 19 | 0 | 0% | 53 | 98.3% |
| $400–500K | 6 | 0 | 0% | 97 | 95.7% |
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