Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Mount Olive
October 1, 2026
(910) 395‑1000 · buddyblake.ai
Mount Olive: 1 in 5 Listings Didn't Sell This Year
In Mount Olive, homes that sold typically took 39 days and brought 94.3% of the first asking price. But 1 in 5 listings didn't sell at all, and homes priced right from the start sold in 35 days versus 40 days for ones 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 Mount Olive 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 The outlined ones expired, were withdrawn or were canceled.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 35 days. Needed price cuts: 40 days, and sold for 87.1% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,040 |
| Property taxes | $102 |
| Homeowners insurance | $250 |
| Upkeep | $162 |
| Utilities | $250 |
| About | $1,800 |
About $1,800 every month the home sits.
Listings that didn't sell stayed on the market a median of 146 days — roughly $8,600 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); Wayne County rate 0.6259 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
25%
16 of about 65 before closing
Those homes that later sold
63%
38% never sold
Sold vs. first ask after a fall-through
84.6%
vs. 94.8% on the first contract
Days to sell after a fall-through
108
vs. 30 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 18% · cash 41% · VA 14% · FHA 18%.
If you're selling
- Price it right from day one: homes priced correctly sold in 35 days, those needing cuts took 40 days and sold at 87.1% of asking
- 1 in 4 contracts fell apart before closing. Most often inspection, appraisal or financing issues are to blame, based on general industry experience
- If a contract does fall apart, homes that later sold took 108 days total and closed at 84.6% of asking, versus 94.8% on a first contract
- Listings that never sold sat for 146 days and still needed a 3.7% price cut before giving up
If you're buying
- Typical home in Mount Olive sold for 94.3% of the first asking price, with 88% selling below that first ask
- Homes that sit too long often signal room to negotiate, listings that never sold lingered a median 146 days
- 41% of buyers paid cash, 18% used conventional loans, 18% used FHA and 14% used VA financing
Did you know?
- 25% of contracts in Mount Olive fell apart before closing, 1 in 4 deals
- At a 7.03% mortgage rate, the estimated monthly carrying cost on a $194,900 home is about $1,800
- A home sitting unsold for the typical 146 days could cost an estimated $8,600 in carrying costs
Get the Mount Olive report every month
The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.
Thinking of selling in Mount Olive? What it takes and what it costs →
For sellers
Listings that didn't sell
20%
up 0.6 pts from a year ago
12 expired, withdrawn or canceled vs 49 sold
Sold vs. first asking price
94.3%
down 0.8 pts from a year ago
median sale price ÷ original list price
Sold below first asking
88%
share of homes that sold
Price cut on homes that didn't sell
3.7%
median — and they still didn't sell
For buyers
True days on market
39
up 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.7%
how far under the original price homes sold
Didn't sell, then sold on a relist
25%
of listings that didn't sell the first time
Median sold price
$195K
down 10.1% from a year ago
49 homes sold
The last 24 months
55% latest month · Sep 26
53 latest month · Sep 26
87.7% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 39 | 4 | 9% | 35 | 94.3% |
| $300–400K | 9 | 4 | 31% | 58 | 94.5% |
| $400–500K | 1 | 2 | 67% | 35 | 93.4% |
| $500–750K | 0 | 2 | 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 October 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000