Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27576 · Selma
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27576, 1 in 6 homes listed didn't sell
In the last 12 months, 154 homes finished their time on the market in ZIP code 27576 (Selma area): 129 sold and 25 did not — about 1 in 6. The ones that sold took a median of 95 days, counted from the first day listed, and closed at 97.6% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27576 · Selma 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 The outlined ones expired, were withdrawn or were canceled.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 64 days. Needed price cuts: 136 days, and sold for 94.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,748 |
| Property taxes | $142 |
| Homeowners insurance | $250 |
| Upkeep | $273 |
| Utilities | $250 |
| About | $2,660 |
About $2,660 every month the home sits.
Listings that didn't sell stayed on the market a median of 260 days — roughly $22,800 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); Johnston County rate 0.52 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%
10 of about 139 before closing
Those homes that later sold
80%
20% never sold
Sold vs. first ask after a fall-through
97.3%
vs. 97.6% on the first contract
Days to sell after a fall-through
141
vs. 91 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 43% · cash 12% · VA 18% · FHA 21%.
If you're selling
- Homes priced right from day one sold in a median of 64 days. Homes that needed price cuts took 136 days and sold for 94.8% of their first price.
- Price range matters: 16% of homes starting at $300–400K didn't sell, compared with 9% at Under $300K.
- Waiting costs money. A $327,500 home runs about $2,660 a month to hold — roughly $22,800 over the time a typical unsold listing sat.
- About 1 in 14 contracts fell apart before closing. Homes that went back on the market sold for 97.3% of first asking, versus 97.6% for homes that closed on the first contract.
If you're buying
- 64% of homes sold below their first asking price — the first price is often a starting point.
- Homes that sit usually sit for a reason. Listings that didn't sell stayed on the market a median of 260 days.
Did you know?
- 12% of buyers paid cash, and 18% used VA loans.
- A year earlier, 26% of listings didn't sell; now it's 16%.
- When a contract fell apart, 20% of those homes never sold at all.
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For sellers
Listings that didn't sell
16%
down 9.4 pts from a year ago
25 expired, withdrawn or canceled vs 129 sold
Sold vs. first asking price
97.6%
down 1.7 pts from a year ago
median sale price ÷ original list price
Sold below first asking
64%
share of homes that sold
Price cut on homes that didn't sell
0.1%
median — and they still didn't sell
For buyers
True days on market
95
up 48 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
4%
of listings that didn't sell the first time
Median sold price
$328K
down 1.4% from a year ago
129 homes sold
The last 24 months
44% latest month · Aug 26
51 latest month · Aug 26
97.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 39 | 4 | 9% | 43 | 96.7% |
| $300–400K | 81 | 15 | 16% | 160 | 98.6% |
| $400–500K | 6 | 4 | 40% | 71 | 97.1% |
| $500–750K | 3 | 2 | 40% | 69 | 96.4% |
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