Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Sims
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Sims: 1 in 6 Listings Didn't Sell This Year
In Sims, homes typically sold in 47 days at 97.4% of asking price over the last 12 months. Priced-right listings moved in 29 days, but the 26 that needed price cuts sat 58 days and still landed near 93.2% of asking. About 1 in 6 listings never sold at all, though that's down from 23% the year before.
Which pile do you want to be in?
Out of every 20 homes listed in Sims 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 The outlined ones expired, were withdrawn or were canceled.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 29 days. Needed price cuts: 58 days, and sold for 93.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,719 |
| Property taxes | $160 |
| Homeowners insurance | $250 |
| Upkeep | $268 |
| Utilities | $250 |
| About | $2,650 |
About $2,650 every month the home sits.
Listings that didn't sell stayed on the market a median of 148 days — roughly $12,900 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); Wilson County rate 0.595 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
17%
12 of about 69 before closing
Those homes that later sold
67%
25% never sold
Sold vs. first ask after a fall-through
95.5%
vs. 98.0% on the first contract
Days to sell after a fall-through
53
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 54% · cash 7% · VA 7% · FHA 28%.
If you're selling
- Homes priced right from day one sold in 29 days. Those that needed cuts took 58 days and closed lower, around 93.2% of asking.
- 11 listings, or 16%, didn't sell in the last 12 months. Median price cut on those was 2.2%, and they still sat 148 days before giving up.
- 17% of contracts fell apart, most often inspection, appraisal or financing issues in general industry experience. Homes that went back on the market after a fall-through took 53 days and sold at 95.5% of asking, versus 98.0% and 47 days on the first try.
- Waiting has a cost. Estimated carrying costs on a typical $321,950 home run about $2,650 a month, or about $12,900 if it sits unsold.
If you're buying
- Typical sold price in Sims is $321,950, with homes going for 97.4% of asking price, and 72% of sales closing below the first asking price.
- Homes that need a price cut sit twice as long, 58 days versus 29 days for ones priced right from the start. Patience can mean room to negotiate.
- Most buyers are financing: 54% conventional, 28% FHA, 7% VA, and 7% paying cash.
Did you know?
- 1 in 6 listings in Sims didn't sell in the last 12 months, down from 23% the year before.
- 67% of homes that had a contract fall apart went on to sell later anyway, while 25% never sold at all.
- Mortgage rate used for the carrying cost estimate on a $321,950 home is 7.03%.
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Thinking of selling in Sims? What it takes and what it costs →
For sellers
Listings that didn't sell
16%
down 6.7 pts from a year ago
11 expired, withdrawn or canceled vs 57 sold
Sold vs. first asking price
97.4%
down 1.3 pts from a year ago
median sale price ÷ original list price
Sold below first asking
72%
share of homes that sold
Price cut on homes that didn't sell
2.2%
median — and they still didn't sell
For buyers
True days on market
47
up 17 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
46%
of listings that didn't sell the first time
Median sold price
$322K
down 30.8% from a year ago
57 homes sold
The last 23 months
22% latest month · Aug 26
21 latest month · Aug 26
98.1% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 17 | 2 | 11% | 21 | 99.6% |
| $300–400K | 24 | 4 | 14% | 56 | 96.5% |
| $400–500K | 13 | 4 | 24% | 60 | 95.4% |
| $500–750K | 2 | 1 | 33% | 19 | 99.5% |
| $1M+ | 1 | 0 | 0% | 77 | 94.7% |
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