Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Washington
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In Washington, 1 in 3 Listings Didn't Sell
Over the last 12 months in Washington, 219 of 312 listings sold and 93 didn't, a 30% didn't-sell rate, up from 23% the year before. Homes priced right from day one sold in a median of 13 days, while those needing price cuts sat a median of 82 days before finding a buyer.
Which pile do you want to be in?
Out of every 20 homes listed in Washington 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 The outlined ones expired, were withdrawn or were canceled.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 13 days. Needed price cuts: 82 days, and sold for 90.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,591 |
| Property taxes | $111 |
| Homeowners insurance | $250 |
| Upkeep | $248 |
| Utilities | $250 |
| About | $2,450 |
About $2,450 every month the home sits.
Listings that didn't sell stayed on the market a median of 160 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); Beaufort County rate 0.445 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
19%
53 of about 275 before closing
Those homes that later sold
60%
38% never sold
Sold vs. first ask after a fall-through
89.4%
vs. 96.2% on the first contract
Days to sell after a fall-through
112
vs. 27 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 32% · VA 9% · FHA 8%.
If you're selling
- Price it right at listing: homes priced right sold in 13 days versus 82 days for those needing cuts
- The $500-750K range struggled most, with a 41% didn't-sell rate, while Under $300K did best at 19%
- 19% of contracts fell apart before closing, most often inspection, appraisal or financing issues in general industry experience
- Homes that never sold sat a median of 160 days and still needed a 2.9% price cut
If you're buying
- Typical sold price was $298,000, at 95.9% of first asking price, and 77% of homes sold below that first ask
- Listings needing price cuts still sold, at a median 90.8% of ask, so there's room to negotiate
- Buyers paid in a mix of ways: 50% conventional loans, 32% cash, 9% VA, 8% FHA
Did you know?
- Typical time to sell in Washington was 34 days
- If a contract fell apart, homes that later sold took a median of 112 days to close, compared to 27 days on the first contract
- At a 7.03% mortgage rate, carrying a typical $298,000 home runs about $2,450 a month, or an estimated $12,900 while it sits unsold
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Thinking of selling in Washington? What it takes and what it costs →
For sellers
Listings that didn't sell
30%
up 6.9 pts from a year ago
93 expired, withdrawn or canceled vs 219 sold
Sold vs. first asking price
95.9%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
77%
share of homes that sold
Price cut on homes that didn't sell
2.9%
median — and they still didn't sell
For buyers
True days on market
34
up 6 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
14%
of listings that didn't sell the first time
Median sold price
$298K
up 2.6% from a year ago
219 homes sold
The last 24 months
27% latest month · Aug 26
28 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 |
|---|---|---|---|---|---|
| Under $300K | 100 | 24 | 19% | 29 | 96.0% |
| $300–400K | 50 | 27 | 35% | 35 | 96.7% |
| $400–500K | 30 | 13 | 30% | 44 | 94.4% |
| $500–750K | 25 | 17 | 41% | 68 | 95.9% |
| $750K–1M | 9 | 7 | 44% | 100 | 95.4% |
| $1M+ | 5 | 5 | 50% | 64 | 93.2% |
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