Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27801 · Rocky Mount
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27801, 1 in 2 homes listed didn't sell
In the last 12 months, 186 homes finished their time on the market in ZIP code 27801 (Rocky Mount area): 108 sold and 78 did not — about 1 in 2. The ones that sold took a median of 39 days, counted from the first day listed, and closed at 92.8% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27801 · Rocky Mount 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 The outlined ones expired, were withdrawn or were canceled.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: 70 days, and sold for 84.5% of the first price.
What waiting costs
| Mortgage (principal + interest) | $786 |
| Property taxes | $109 |
| Homeowners insurance | $250 |
| Upkeep | $123 |
| Utilities | $250 |
| About | $1,520 |
About $1,520 every month the home sits.
Listings that didn't sell stayed on the market a median of 140 days — roughly $7,000 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); Edgecombe County rate 0.89 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
34%
58 of about 169 before closing
Those homes that later sold
45%
50% never sold
Sold vs. first ask after a fall-through
83.0%
vs. 93.9% on the first contract
Days to sell after a fall-through
98
vs. 28 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 23% · cash 32% · VA 9% · FHA 25%.
If you're selling
- Homes priced right from day one sold in a median of 16 days. Homes that needed price cuts took 70 days and sold for 84.5% of their first price.
- Waiting costs money. A $147,250 home runs about $1,520 a month to hold — roughly $7,000 over the time a typical unsold listing sat.
- About 1 in 3 contracts fell apart before closing. Homes that went back on the market sold for 83.0% of first asking, versus 93.9% for homes that closed on the first contract.
If you're buying
- 75% 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 140 days.
Did you know?
- 32% of buyers paid cash, and 9% used VA loans.
- A year earlier, 32% of listings didn't sell; now it's 42%.
- When a contract fell apart, 50% of those homes never sold at all.
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For sellers
Listings that didn't sell
42%
up 9.8 pts from a year ago
78 expired, withdrawn or canceled vs 108 sold
Sold vs. first asking price
92.8%
up 1.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
75%
share of homes that sold
Price cut on homes that didn't sell
1.7%
median — and they still didn't sell
For buyers
True days on market
39
down 7 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
7.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
10%
of listings that didn't sell the first time
Median sold price
$147K
up 1.6% from a year ago
108 homes sold
The last 24 months
53% latest month · Aug 26
64 latest month · Aug 26
93.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 100 | 74 | 43% | 39 | 92.3% |
| $300–400K | 6 | 4 | 40% | 33 | 97.9% |
| $400–500K | 1 | 0 | 0% | 5 | 97.9% |
| $500–750K | 0 | 0 | — | — | — |
| $750K–1M | 1 | 0 | 0% | 109 | 76.7% |
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