Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27807 · Bailey
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27807, 1 in 4 homes listed didn't sell
In the last 12 months, 152 homes finished their time on the market in ZIP code 27807 (Bailey area): 111 sold and 41 did not — about 1 in 4. The ones that sold took a median of 67 days, counted from the first day listed, and closed at 98.7% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27807 · Bailey 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 The outlined ones expired, were withdrawn or were canceled.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 33 days. Needed price cuts: 102 days, and sold for 93.6% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,754 |
| Property taxes | $172 |
| Homeowners insurance | $250 |
| Upkeep | $274 |
| Utilities | $250 |
| About | $2,700 |
About $2,700 every month the home sits.
Listings that didn't sell stayed on the market a median of 138 days — roughly $12,300 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); Nash County rate 0.63 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
15%
20 of about 132 before closing
Those homes that later sold
80%
20% never sold
Sold vs. first ask after a fall-through
97.0%
vs. 99.2% on the first contract
Days to sell after a fall-through
68
vs. 68 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 38% · cash 9% · VA 13% · FHA 37%.
If you're selling
- Homes priced right from day one sold in a median of 33 days. Homes that needed price cuts took 102 days and sold for 93.6% of their first price.
- Waiting costs money. A $328,490 home runs about $2,700 a month to hold — roughly $12,300 over the time a typical unsold listing sat.
- About 1 in 7 contracts fell apart before closing. Homes that went back on the market sold for 97.0% of first asking, versus 99.2% for homes that closed on the first contract.
If you're buying
- 58% 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 138 days.
Did you know?
- 9% of buyers paid cash, and 13% used VA loans.
- A year earlier, 12% of listings didn't sell; now it's 27%.
- When a contract fell apart, 20% of those homes never sold at all.
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For sellers
Listings that didn't sell
27%
up 15.5 pts from a year ago
41 expired, withdrawn or canceled vs 111 sold
Sold vs. first asking price
98.7%
down 1.3 pts from a year ago
median sale price ÷ original list price
Sold below first asking
58%
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
67
up 4 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.3%
how far under the original price homes sold
Didn't sell, then sold on a relist
2%
of listings that didn't sell the first time
Median sold price
$328K
down 7.2% from a year ago
111 homes sold
The last 24 months
15% latest month · Aug 26
82 latest month · Aug 26
98.8% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 31 | 13 | 30% | 30 | 97.5% |
| $300–400K | 66 | 22 | 25% | 82 | 99.0% |
| $400–500K | 12 | 3 | 20% | 115 | 98.5% |
| $500–750K | 2 | 3 | 60% | 118 | 90.4% |
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