Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pikeville
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Pikeville: 1 In 4 Listings Didn't Sell
Over the last 12 months, Pikeville saw 270 listings end, and 199 sold. The typical home that sold took 63 days and fetched 98.9% of asking price, but homes priced wrong sat for 125 days before they gave up.
Which pile do you want to be in?
Out of every 20 homes listed in Pikeville 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 The outlined ones expired, were withdrawn or were canceled.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 40 days. Needed price cuts: 87 days, and sold for 92.5% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,607 |
| Property taxes | $157 |
| Homeowners insurance | $250 |
| Upkeep | $251 |
| Utilities | $250 |
| About | $2,510 |
About $2,510 every month the home sits.
Listings that didn't sell stayed on the market a median of 125 days — roughly $10,300 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); 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
16%
37 of about 236 before closing
Those homes that later sold
65%
32% never sold
Sold vs. first ask after a fall-through
98.6%
vs. 99.1% on the first contract
Days to sell after a fall-through
111
vs. 60 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 30% · cash 9% · VA 36% · FHA 22%.
If you're selling
- Price it right from day one. Homes priced correctly sold in 40 days. Homes that needed cuts took 87 days and still only got 92.5% of asking.
- The $300–400K range is the toughest right now, with a 32% did-not-sell rate. Under $300K is doing much better, at 21%.
- Waiting costs money. Listings that never sold sat a median of 125 days before pulling out, with a median price cut of 2.3%.
- 1 in 6 contracts fall apart before closing, most often inspection, appraisal or financing issues. If that happens, most homes (65%) do go on to sell later, but it takes longer, around 111 days, and typically at a slightly lower 98.6% of asking.
If you're buying
- 26% of listings in Pikeville didn't sell this year, up from 17% the year before. That's more room to negotiate than there used to be.
- Homes that eventually sold after a fallen-through contract took 111 days versus 60 days for a clean first contract. Patience can pay off if you're flexible on timing.
- Financing varies a lot here. VA loans made up 36% of purchases, conventional 30%, FHA 22%, and cash 9%.
Did you know?
- The median sold price in Pikeville over the last 12 months was $301,000.
- On a typical $301,000 home, estimated monthly carrying costs run about $2,510 at a 7.03% mortgage rate.
- Sellers whose homes sat unsold faced an estimated $10,300 in carrying costs while waiting.
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Thinking of selling in Pikeville? What it takes and what it costs →
For sellers
Listings that didn't sell
26%
up 9.1 pts from a year ago
71 expired, withdrawn or canceled vs 199 sold
Sold vs. first asking price
98.9%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
58%
share of homes that sold
Price cut on homes that didn't sell
2.3%
median — and they still didn't sell
For buyers
True days on market
63
up 10 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
18%
of listings that didn't sell the first time
Median sold price
$301K
up 0.4% from a year ago
199 homes sold
The last 24 months
21% latest month · Aug 26
40 latest month · Aug 26
100.0% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 88 | 24 | 21% | 46 | 99.6% |
| $300–400K | 98 | 45 | 32% | 94 | 98.8% |
| $400–500K | 11 | 2 | 15% | 40 | 96.4% |
| $500–750K | 1 | 0 | 0% | 29 | 100.0% |
| $750K–1M | 1 | 0 | 0% | 7 | 99.9% |
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