Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Tooley Harbor, Elizabeth City
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Tooley Harbor: Nearly Half of Listings Didn't Sell
In Tooley Harbor, 67 homes wrapped up over the last 12 months, and 38 of them sold. The typical seller who priced it right sold in 56 days, but homes that needed price cuts took 106 days and 29 listings never sold at all, sitting a median of 200 days before their owners gave up.
Which pile do you want to be in?
Out of every 20 homes listed in Tooley Harbor, Elizabeth City 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 The outlined ones expired, were withdrawn or were canceled.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 56 days. Needed price cuts: 106 days, and sold for 95.4% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,285 |
| Property taxes | $221 |
| Homeowners insurance | $250 |
| Upkeep | $357 |
| Utilities | $250 |
| About | $3,360 |
About $3,360 every month the home sits.
Listings that didn't sell stayed on the market a median of 200 days — roughly $22,100 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); Pasquotank County rate 0.62 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
12%
5 of about 43 before closing
Those homes that later sold
80%
20% never sold
Sold vs. first ask after a fall-through
96.4%
vs. 100.0% on the first contract
Days to sell after a fall-through
159
vs. 50 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 13% · cash 5% · VA 61% · FHA 21%.
If you're selling
- Price it right from day one. Homes priced correctly sold in 56 days. Homes that needed cuts took 106 days and still only fetched 95.4% of asking.
- 43% of listings in Tooley Harbor didn't sell this year. That's about 1 in 2.
- Contracts fall apart 12% of the time here, most often inspection, appraisal or financing issues. Most of those homes (80%) do sell later, but it takes another 159 days.
- Waiting costs money. An estimated 200-day sit on an unsold listing adds up to about $22,100 in carrying costs on a typical home here.
If you're buying
- Homes are selling at 99.1% of first asking price typically, and 53% of sales close below that first ask. There's room to negotiate.
- If a listing has sat a while, ask why. Homes that needed price cuts took 106 days to sell versus 56 days for correctly priced ones.
- Most buyers here are using VA loans (61%), with FHA at 21%, conventional at 13%, and 5% paying cash.
Did you know?
- The typical sold home in Tooley Harbor went for $427,990.
- At a 7.03% mortgage rate, the estimated monthly carrying cost on a $427,990 home is about $3,360.
- When a first contract holds, homes sell at 100.0% of asking. When it falls apart and the home sells later, it settles for 96.4%.
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For sellers
Listings that didn't sell
43%
down 0.7 pts from a year ago
29 expired, withdrawn or canceled vs 38 sold
Sold vs. first asking price
99.1%
down 0.9 pts from a year ago
median sale price ÷ original list price
Sold below first asking
53%
share of homes that sold
Price cut on homes that didn't sell
0.0%
median — and they still didn't sell
For buyers
True days on market
59
up 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.9%
how far under the original price homes sold
Didn't sell, then sold on a relist
28%
of listings that didn't sell the first time
Median sold price
$428K
down 1.6% from a year ago
38 homes sold
The last 23 months
0% latest month · Aug 26
78 latest month · Aug 26
105.2% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 1 | 1 | 50% | 473 | 100.0% |
| $300–400K | 11 | 1 | 8% | 42 | 97.5% |
| $400–500K | 17 | 21 | 55% | 113 | 100.0% |
| $500–750K | 9 | 6 | 40% | 2 | 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 26, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000