Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pasquotank County
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Pasquotank County: 1 in 5 Listings Didn't Sell
In Pasquotank County, homes priced right from day one sold in 16 days. Wait too long and needed a price cut, and it took 57 days, with 1 in 5 listings never selling at all. Typical sale price was $318,100, at 99.4% of first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in Pasquotank County 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 The outlined ones expired, were withdrawn or were canceled.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 16 days. Needed price cuts: 57 days, and sold for 92.7% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,698 |
| Property taxes | $164 |
| Homeowners insurance | $250 |
| Upkeep | $265 |
| Utilities | $250 |
| About | $2,630 |
About $2,630 every month the home sits.
Listings that didn't sell stayed on the market a median of 118 days — roughly $10,200 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); Pasquotank County rate 0.62 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
18%
143 of about 785 before closing
Those homes that later sold
77%
22% never sold
Sold vs. first ask after a fall-through
97.5%
vs. 100.0% on the first contract
Days to sell after a fall-through
49
vs. 20 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 27% · cash 16% · VA 36% · FHA 18%.
If you're selling
- Price it right from day one - those homes sold in 16 days versus 57 days after a cut
- Homes in the $400-500K range struggled most, with a 32% rate of not selling
- Homes that never sold sat a median of 118 days before the listing ended
- If a contract falls apart, most homes still sell later, but it adds about 49 more days and most often comes down to inspection, appraisal or financing issues
If you're buying
- 51% of homes sold below the first asking price, so there is room to negotiate
- Homes needing a price cut still sold at 92.7% of asking, so cuts don't mean giveaways
- Financing mix varies - 36% VA, 27% conventional, 18% FHA, 16% cash
Did you know?
- The typical home in Pasquotank County took 24 days to sell
- At a $318,100 price with a 7.03% rate, estimated monthly carrying cost is about $2,630
- A home that sits unsold for months carries an estimated $10,200 in extra carrying cost
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For sellers
Listings that didn't sell
21%
down 3.2 pts from a year ago
167 expired, withdrawn or canceled vs 638 sold
Sold vs. first asking price
99.4%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
51%
share of homes that sold
Price cut on homes that didn't sell
0.0%
median — and they still didn't sell
For buyers
True days on market
24
down 1 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
26%
of listings that didn't sell the first time
Median sold price
$318K
up 4.3% from a year ago
638 homes sold
The last 24 months
12% latest month · Aug 26
25 latest month · Aug 26
98.9% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 270 | 56 | 17% | 22 | 98.2% |
| $300–400K | 218 | 43 | 17% | 27 | 100.0% |
| $400–500K | 89 | 42 | 32% | 34 | 100.0% |
| $500–750K | 53 | 24 | 31% | 17 | 100.0% |
| $750K–1M | 6 | 2 | 25% | 57 | 97.5% |
| $1M+ | 2 | 0 | 0% | 26 | 95.2% |
By town
| Town | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Elizabeth City | 635 | 165 | 21% | 24 | 99.4% |
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