Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Sterling Farms, Jacksonville
September 24, 2026
(910) 395‑1000 · buddyblake.ai
Sterling Farms Homes Sell Fast, Mostly to VA Buyers
In Sterling Farms, the typical home sold in 21 days over the last 12 months, at 100.0% of first asking price. But 8 listings didn't sell at all, and homes priced right from the start moved twice as fast as ones that needed cuts.
Which pile do you want to be in?
Out of every 20 homes listed in Sterling Farms, Jacksonville 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 The outlined ones expired, were withdrawn or were canceled.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 16 days. Needed price cuts: 87 days, and sold for 93.7% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,692 |
| Property taxes | $174 |
| Homeowners insurance | $250 |
| Upkeep | $266 |
| Utilities | $250 |
| About | $2,630 |
About $2,630 every month the home sits.
Listings that didn't sell stayed on the market a median of 113 days — roughly $9,700 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); Onslow County rate 0.655 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
7%
3 of about 46 before closing
Those homes that later sold
67%
33% never sold
Sold vs. first ask after a fall-through
98.4%
vs. 100.0% on the first contract
Days to sell after a fall-through
30
vs. 21 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 5% · cash 2% · VA 84% · FHA 5%.
If you're selling
- Homes priced right from day one sold in 16 days. Ones that needed price cuts sat 87 days and still closed at only 93.7% of ask.
- 1 in 6 listings in Sterling Farms didn't sell in the last 12 months, up from 1 in 8 the year before.
- If your home sits unsold, estimated carrying costs run about $9,700 versus $2,630 a month while it's on the market.
- 7% of contracts fell apart before closing, most often inspection, appraisal or financing issues. Most of those homes sold later, but 33% never sold at all.
If you're buying
- 42% of homes in Sterling Farms sold below the first asking price. There's room to negotiate.
- Homes that didn't sell sat a median of 113 days before coming off the market. Watch for listings sitting that long.
- 84% of buyers here used VA financing. It's the dominant way homes are bought in this neighborhood.
Did you know?
- 84% of buyers in Sterling Farms used VA loans, the most common way homes were financed.
- The typical home sold in 21 days, but listings that never sold sat a median of 113 days.
- At a $319,500 example price and 6.95% rate, the estimated monthly carrying cost is about $2,630.
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For sellers
Listings that didn't sell
16%
up 4.0 pts from a year ago
8 expired, withdrawn or canceled vs 43 sold
Sold vs. first asking price
100.0%
up 1.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
42%
share of homes that sold
Price cut on homes that didn't sell
1.0%
median — and they still didn't sell
For buyers
True days on market
21
down 10 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
13%
of listings that didn't sell the first time
Median sold price
$320K
up 3.1% from a year ago
43 homes sold
The last 24 months
25% latest month · Aug 26
19 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 | 6 | 0 | 0% | 12 | 100.0% |
| $300–400K | 37 | 8 | 18% | 22 | 100.0% |
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