Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Ocean Ridge Plantation, Ocean Isle Beach
September 24, 2026
(910) 395‑1000 · buddyblake.ai
Ocean Ridge Plantation: 1 in 4 Listings Didn't Sell
Over the last 12 months in Ocean Ridge Plantation, 83 listings ended and 63 sold, but 20 didn't sell, a 24% rate, up from 20% the year before. Homes priced right from the start sold in a median of 20 days, while ones that needed price cuts sat a median of 99 days before selling. The typical sold home fetched 96.2% of its first asking price, with a median sold price of $652,000.
Which pile do you want to be in?
Out of every 20 homes listed in Ocean Ridge Plantation, Ocean Isle Beach 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 The outlined ones expired, were withdrawn or were canceled.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 20 days. Needed price cuts: 99 days, and sold for 93.3% of the first price.
What waiting costs
| Mortgage (principal + interest) | $3,453 |
| Property taxes | $186 |
| Homeowners insurance | $250 |
| Upkeep | $543 |
| Utilities | $250 |
| About | $4,680 |
About $4,680 every month the home sits.
Listings that didn't sell stayed on the market a median of 181 days — roughly $27,900 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
11%
8 of about 71 before closing
Those homes that later sold
38%
63% never sold
Sold vs. first ask after a fall-through
95.8%
vs. 96.3% on the first contract
Days to sell after a fall-through
77
vs. 74 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 62% · cash 37% · VA 0% · FHA 0%.
If you're selling
- Price it right on day one. Listings priced correctly sold in a median of 20 days versus 99 days for ones that needed cuts.
- The $750K-1M range struggled most, with a 31% rate of not selling. The $500-750K range did better, at 20%.
- Listings that never sold typically had a 3.7% price cut and still sat a median of 181 days before coming off market.
- If a contract falls apart, most often inspection, appraisal or financing issues are to blame. 11% of contracts here fell apart, but 38% of those homes later sold anyway, at a median 95.8% of asking.
If you're buying
- 76% of homes here sold below the first asking price, so there's usually room to negotiate.
- Homes that needed a price cut sat a median of 99 days before selling. If you find one of these, you may have more leverage.
- Most buyers here paid conventional financing (62%) or cash (37%).
Did you know?
- The typical sold home in Ocean Ridge Plantation went for $652,000, taking a median of 74 days to sell.
- On a home priced at $652,000, with today's 6.95% mortgage rate, estimated monthly carrying costs run about $4,680.
- A home that sits unsold for the median 181 days could cost its seller an estimated $27,900 in carrying costs.
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For sellers
Listings that didn't sell
24%
up 4.5 pts from a year ago
20 expired, withdrawn or canceled vs 63 sold
Sold vs. first asking price
96.2%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
76%
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
74
up 29 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.8%
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
$652K
down 5.5% from a year ago
63 homes sold
The last 24 months
0% latest month · Aug 26
45 latest month · Aug 26
95.5% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 1 | 0 | 0% | 1 | 1000.0% |
| $500–750K | 37 | 9 | 20% | 74 | 96.0% |
| $750K–1M | 18 | 8 | 31% | 33 | 97.1% |
| $1M+ | 7 | 3 | 30% | 145 | 93.6% |
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