Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27863 · Pikeville
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27863, 1 in 4 homes listed didn't sell
In the last 12 months, 267 homes finished their time on the market in ZIP code 27863 (Pikeville area): 196 sold and 71 did not — about 1 in 4. The ones that sold took a median of 63 days, counted from the first day listed, and closed at 99.0% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27863 · Pikeville 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 The outlined ones expired, were withdrawn or were canceled.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 37 days. Needed price cuts: 86 days, and sold for 92.5% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,615 |
| Property taxes | $158 |
| Homeowners insurance | $250 |
| Upkeep | $252 |
| Utilities | $250 |
| About | $2,520 |
About $2,520 every month the home sits.
Listings that didn't sell stayed on the market a median of 125 days — roughly $10,400 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); Wayne County rate 0.6259 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
16%
36 of about 232 before closing
Those homes that later sold
64%
33% never sold
Sold vs. first ask after a fall-through
98.7%
vs. 99.1% on the first contract
Days to sell after a fall-through
104
vs. 59 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 30% · cash 9% · VA 36% · FHA 21%.
If you're selling
- Homes priced right from day one sold in a median of 37 days. Homes that needed price cuts took 86 days and sold for 92.5% of their first price.
- Price range matters: 32% of homes starting at $300–400K didn't sell, compared with 22% at Under $300K.
- Waiting costs money. A $302,500 home runs about $2,520 a month to hold — roughly $10,400 over the time a typical unsold listing sat.
- About 1 in 6 contracts fell apart before closing. Homes that went back on the market sold for 98.7% of first asking, versus 99.1% 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 125 days.
Did you know?
- 9% of buyers paid cash, and 36% used VA loans.
- A year earlier, 15% of listings didn't sell; now it's 27%.
- When a contract fell apart, 33% of those homes never sold at all.
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For sellers
Listings that didn't sell
27%
up 11.2 pts from a year ago
71 expired, withdrawn or canceled vs 196 sold
Sold vs. first asking price
99.0%
about the same as 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
2.3%
median — and they still didn't sell
For buyers
True days on market
63
up 13 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
18%
of listings that didn't sell the first time
Median sold price
$303K
up 0.9% from a year ago
196 homes sold
The last 24 months
21% latest month · Aug 26
40 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 | 87 | 24 | 22% | 45 | 99.6% |
| $300–400K | 96 | 45 | 32% | 93 | 98.8% |
| $400–500K | 11 | 2 | 15% | 40 | 96.4% |
| $500–750K | 1 | 0 | 0% | 29 | 100.0% |
| $750K–1M | 1 | 0 | 0% | 7 | 99.9% |
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