Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27837 · Grimesland
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27837, 1 in 8 homes listed didn't sell
In the last 12 months, 173 homes finished their time on the market in ZIP code 27837 (Grimesland area): 152 sold and 21 did not — about 1 in 8. The ones that sold took a median of 64 days, counted from the first day listed, and closed at 98.9% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27837 · Grimesland 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 The outlined ones expired, were withdrawn or were canceled.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 45 days. Needed price cuts: 87 days, and sold for 92.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,082 |
| Property taxes | $184 |
| Homeowners insurance | $250 |
| Upkeep | $325 |
| Utilities | $250 |
| About | $3,090 |
About $3,090 every month the home sits.
Listings that didn't sell stayed on the market a median of 135 days — roughly $13,700 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); Pitt County rate 0.5663 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
14%
24 of about 176 before closing
Those homes that later sold
75%
21% never sold
Sold vs. first ask after a fall-through
93.6%
vs. 99.7% on the first contract
Days to sell after a fall-through
125
vs. 55 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 52% · cash 20% · VA 5% · FHA 22%.
If you're selling
- Homes priced right from day one sold in a median of 45 days. Homes that needed price cuts took 87 days and sold for 92.2% of their first price.
- Price range matters: 14% of homes starting at $500–750K didn't sell, compared with 6% at $400–500K.
- Waiting costs money. A $389,975 home runs about $3,090 a month to hold — roughly $13,700 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 93.6% of first asking, versus 99.7% for homes that closed on the first contract.
If you're buying
- 55% 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 135 days.
Did you know?
- 20% of buyers paid cash, and 5% used VA loans.
- A year earlier, 10% of listings didn't sell; now it's 12%.
- When a contract fell apart, 21% of those homes never sold at all.
Get the ZIP 27837 · Grimesland report every month
The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.
For sellers
Listings that didn't sell
12%
up 1.8 pts from a year ago
21 expired, withdrawn or canceled vs 152 sold
Sold vs. first asking price
98.9%
down 1.1 pts from a year ago
median sale price ÷ original list price
Sold below first asking
55%
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
64
up 19 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
33%
of listings that didn't sell the first time
Median sold price
$390K
down 1.2% from a year ago
152 homes sold
The last 24 months
13% latest month · Aug 26
10 latest month · Aug 26
100.0% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 36 | 5 | 12% | 13 | 98.0% |
| $300–400K | 39 | 4 | 9% | 168 | 98.4% |
| $400–500K | 46 | 3 | 6% | 73 | 99.7% |
| $500–750K | 24 | 4 | 14% | 53 | 99.7% |
| $750K–1M | 3 | 0 | 0% | 56 | 91.0% |
| $1M+ | 4 | 5 | 56% | 114 | 93.4% |
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