Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pinners Point, Oak Island
September 24, 2026
(910) 395‑1000 · buddyblake.ai
In Pinners Point, 1 in 4 Listings Didn't Sell
Over the last 12 months in Pinners Point, 43 listings ended and 31 sold. Homes priced right sold in 22 days, while the ones that needed price cuts sat for 76 days and still took a cut of 90.6% to get to closing. Listings that never sold sat a median of 163 days before the sellers gave up.
Which pile do you want to be in?
Out of every 20 homes listed in Pinners Point, Oak Island 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 The outlined ones expired, were withdrawn or were canceled.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 22 days. Needed price cuts: 76 days, and sold for 90.6% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,833 |
| Property taxes | $152 |
| Homeowners insurance | $250 |
| Upkeep | $446 |
| Utilities | $250 |
| About | $3,930 |
About $3,930 every month the home sits.
Listings that didn't sell stayed on the market a median of 163 days — roughly $21,000 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%
4 of about 35 before closing
Those homes that later sold
50%
50% never sold
Sold vs. first ask after a fall-through
90.6%
vs. 96.5% on the first contract
Days to sell after a fall-through
313
vs. 53 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 48% · cash 48% · VA 0% · FHA 0%.
If you're selling
- Homes priced right from day one sold in 22 days flat, no drama
- Wait too long to adjust and you're looking at 76 days on market and a bigger cut in the end
- 1 in 9 contracts in Pinners Point fell apart before closing, most often inspection, appraisal or financing issues
- If a contract falls apart, half of those homes sold later, but it often meant a much longer road, up to 313 days
If you're buying
- Homes that needed a price cut sold at 90.6% of asking, so there's room to negotiate on the ones that have been sitting
- The typical home in Pinners Point took 56 days to sell, and 87% of homes sold below the original asking price
- Almost half of buyers, 48%, paid cash, and another 48% used conventional financing
Did you know?
- The typical Pinners Point home sold for $535,000
- At a 6.95% rate, carrying a $535,000 home runs about an estimated $3,930 a month
- Sellers who didn't sell were still carrying that home for a median of 163 days, an estimated $21,000 in costs
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For sellers
Listings that didn't sell
28%
down 2.3 pts from a year ago
12 expired, withdrawn or canceled vs 31 sold
Sold vs. first asking price
96.4%
up 2.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
87%
share of homes that sold
Price cut on homes that didn't sell
2.4%
median — and they still didn't sell
For buyers
True days on market
56
down 50 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.6%
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
$535K
down 10.8% from a year ago
31 homes sold
The last 23 months
40% latest month · Aug 26
27 latest month · Aug 26
96.9% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 2 | 1 | 33% | 137 | 91.7% |
| $400–500K | 6 | 0 | 0% | 116 | 92.8% |
| $500–750K | 13 | 7 | 35% | 27 | 96.9% |
| $750K–1M | 6 | 2 | 25% | 89 | 89.7% |
| $1M+ | 4 | 2 | 33% | 63 | 97.3% |
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