Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Mid South Club, Southern Pines
October 1, 2026
(910) 395‑1000 · buddyblake.ai
1 in 4 Mid South Club Listings Didn't Sell
Over the last 12 months, 41 homes in Mid South Club finished up, and 30 of them sold. The typical sale took 47 days and closed at 97.3% of the first asking price, but homes priced right from the start sold in just 11 days versus 96 days for those that needed price cuts.
Summary written October 1, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in Mid South Club, Southern Pines 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 The outlined ones expired, were withdrawn or were canceled.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 11 days. Needed price cuts: 96 days, and sold for 90.1% of the first price.
What waiting costs
| Mortgage (principal + interest) | $3,625 |
| Property taxes | $167 |
| Homeowners insurance | $250 |
| Upkeep | $566 |
| Utilities | $250 |
| About | $4,860 |
About $4,860 every month the home sits.
Listings that didn't sell stayed on the market a median of 121 days — roughly $19,300 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
19%
7 of about 37 before closing
Those homes that later sold
71%
29% never sold
Sold vs. first ask after a fall-through
89.3%
vs. 97.9% on the first contract
Days to sell after a fall-through
130
vs. 17 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 47% · cash 37% · VA 17% · FHA 0%.
If you're selling
- Price it right from day one. Homes priced correctly sold in 11 days; those that needed cuts sat 96 days and sold for 90.1% of asking.
- Waiting costs you. Listings that never sold carried a median price cut of 2.2% and still sat 121 days.
- Watch your contract. 19% of contracts here fell apart, about 1 in 5 — most often inspection, appraisal or financing issues in general industry experience.
- If a contract falls apart, 71% of those homes went on to sell later, but at a lower 89.3% of asking versus 97.9% for first-time contracts.
If you're buying
- With 27% of listings not selling, there's real room to negotiate on homes that have sat.
- Homes that need price cuts take much longer, 96 days versus 11 days for ones priced right from the start.
- Most buyers here aren't paying all cash. 47% used conventional financing, 37% paid cash, and 17% used VA loans.
Did you know?
- The typical sold home in Mid South Club went for $679,000.
- Carrying a $679,000 home at 7.03% runs about an estimated $4,860 a month, or about $19,300 while it sits unsold.
- Last year, only 16% of listings here didn't sell. This year that's up to 27%.
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For sellers
Listings that didn't sell
27%
up 11.2 pts from a year ago
11 expired, withdrawn or canceled vs 30 sold
Sold vs. first asking price
97.3%
up 0.9 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
2.2%
median — and they still didn't sell
For buyers
True days on market
47
down 1 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.7%
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
$679K
down 9.5% from a year ago
30 homes sold
The last 22 months
29% latest month · Sep 26
80 latest month · Sep 26
94.8% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $400–500K | 0 | 1 | 100% | — | — |
| $500–750K | 16 | 7 | 30% | 13 | 98.2% |
| $750K–1M | 6 | 2 | 25% | 84 | 97.0% |
| $1M+ | 8 | 1 | 11% | 47 | 93.2% |
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 October 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000