Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pine Knoll Shores
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In Pine Knoll Shores, 1 in 4 Listings Didn't Sell
Over the last 12 months in Pine Knoll Shores, 96 homes ended their listing and 74 sold. The typical sale took 52 days and closed at 94.9% of the first asking price, with 81% selling below that first ask.
Which pile do you want to be in?
Out of every 20 homes listed in Pine Knoll Shores 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 The outlined ones expired, were withdrawn or were canceled.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 9 days. Needed price cuts: 83 days, and sold for 92.6% of the first price.
What waiting costs
| Mortgage (principal + interest) | $4,004 |
| Property taxes | $141 |
| Homeowners insurance | $250 |
| Upkeep | $625 |
| Utilities | $250 |
| About | $5,270 |
About $5,270 every month the home sits.
Listings that didn't sell stayed on the market a median of 192 days — roughly $33,300 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); Carteret County rate 0.225 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
13%
11 of about 85 before closing
Those homes that later sold
64%
36% never sold
Sold vs. first ask after a fall-through
88.3%
vs. 95.2% on the first contract
Days to sell after a fall-through
170
vs. 47 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 60% · cash 36% · VA 3% · FHA 0%.
If you're selling
- Homes priced right from day one sold in a median of 9 days. Those that needed price cuts took 83 days and still sold for less, 92.6% of ask.
- The $1M+ range struggled most, with a 29% rate of not selling. The $750K-1M range did best at 24%.
- Listings that never sold sat a median of 192 days and still carried a median price cut of 4.5%.
- 13% of contracts fell apart, about 1 in 8. Most often that's inspection, appraisal or financing issues. Homes that had to relist afterward took a median of 170 days and sold for 88.3% of ask, versus 95.2% for a first contract that holds.
If you're buying
- Homes are typically selling for 94.9% of first asking price, and most, 81%, sell below that first ask.
- If a home sat 192 days without selling, that's room to negotiate.
- On a $750,000 home, 36% of buyers paid cash, 60% used conventional financing, and 3% used VA.
Did you know?
- The didNotSell rate ticked up from 20% a year ago to 23% now.
- An estimated monthly carrying cost on a $750,000 home today, at a 7.03% mortgage rate, runs about $5,270.
- Sitting unsold that extra stretch is estimated to cost about $33,300 in carrying costs.
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Thinking of selling in Pine Knoll Shores? What it takes and what it costs →
For sellers
Listings that didn't sell
23%
up 2.5 pts from a year ago
22 expired, withdrawn or canceled vs 74 sold
Sold vs. first asking price
94.9%
down 0.8 pts from a year ago
median sale price ÷ original list price
Sold below first asking
81%
share of homes that sold
Price cut on homes that didn't sell
4.5%
median — and they still didn't sell
For buyers
True days on market
52
up 22 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
32%
of listings that didn't sell the first time
Median sold price
$750K
up 6.2% from a year ago
74 homes sold
The last 24 months
40% latest month · Aug 26
30 latest month · Aug 26
95.1% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 3 | 0 | 0% | 13 | 96.5% |
| $400–500K | 11 | 4 | 27% | 124 | 94.4% |
| $500–750K | 19 | 3 | 14% | 81 | 94.5% |
| $750K–1M | 19 | 6 | 24% | 43 | 95.1% |
| $1M+ | 22 | 9 | 29% | 48 | 95.7% |
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