Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Porters Neck Plantation, Wilmington
September 24, 2026
(910) 395‑1000 · buddyblake.ai
Porters Neck Plantation: 39% of Listings Didn't Sell This Year
In Porters Neck Plantation, 1 in 3 homes that hit the market in the last 12 months didn't sell. Homes priced right from the start sold in 24 days. Homes that needed price cuts sat for 66 days and still sold for less.
Which pile do you want to be in?
Out of every 20 homes listed in Porters Neck Plantation, Wilmington 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 The outlined ones expired, were withdrawn or were canceled.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 24 days. Needed price cuts: 66 days, and sold for 91.7% of the first price.
What waiting costs
| Mortgage (principal + interest) | $4,448 |
| Property taxes | $214 |
| Homeowners insurance | $250 |
| Upkeep | $700 |
| Utilities | $250 |
| About | $5,860 |
About $5,860 every month the home sits.
Listings that didn't sell stayed on the market a median of 126 days — roughly $24,300 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); New Hanover County rate 0.306 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%
9 of about 49 before closing
Those homes that later sold
67%
33% never sold
Sold vs. first ask after a fall-through
90.7%
vs. 97.5% on the first contract
Days to sell after a fall-through
88
vs. 43 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 50% · cash 45% · VA 3% · FHA 0%.
If you're selling
- Price it right at listing. Homes priced correctly sold in 24 days, while ones needing cuts took 66 days and sold at 91.7% of ask instead of 97.4%.
- The didNotSellRate jumped from 28% last year to 39% this year. Overpricing carries more risk now than before.
- 1 in 5 contracts fall apart before closing. Most often it's inspection, appraisal or financing issues. Be ready with paperwork and a realistic price to avoid a second round.
- If your contract does fall through, homes that eventually sold took 88 days and closed at 90.7% of ask, versus 43 days and 97.5% for a first contract that sticks.
If you're buying
- Homes that sit here often see a 2.1% price cut before they finally sell or come off the market. There's room to negotiate on listings that have been up a while.
- 45% of buyers here paid cash and 50% used conventional financing. FHA buyers were essentially absent, so know how you'll pay before you make an offer.
- Watch listings that have been on the market past 66 days. Those are the ones where sellers are more likely to consider a lower offer.
Did you know?
- The typical sold home in Porters Neck Plantation went for $840,000, and buyers typically paid 97.4% of the first asking price.
- Carrying a typical $840,000 home here runs about $5,860 a month, and sitting unsold an extra stretch adds up to an estimated $24,300.
- 88% of homes that sold in Porters Neck Plantation sold for less than their original asking price.
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For sellers
Listings that didn't sell
39%
up 10.1 pts from a year ago
25 expired, withdrawn or canceled vs 40 sold
Sold vs. first asking price
97.4%
up 0.9 pts from a year ago
median sale price ÷ original list price
Sold below first asking
88%
share of homes that sold
Price cut on homes that didn't sell
2.1%
median — and they still didn't sell
For buyers
True days on market
54
up 23 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
24%
of listings that didn't sell the first time
Median sold price
$840K
up 5.6% from a year ago
40 homes sold
The last 24 months
50% latest month · Aug 26
123 latest month · Aug 26
94.6% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $400–500K | 0 | 1 | 100% | — | — |
| $500–750K | 9 | 1 | 10% | 101 | 97.1% |
| $750K–1M | 21 | 10 | 32% | 25 | 98.1% |
| $1M+ | 10 | 13 | 57% | 54 | 91.7% |
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 24, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000