Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27880 · Sims
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27880, 1 in 6 homes listed didn't sell
In the last 12 months, 68 homes finished their time on the market in ZIP code 27880 (Sims area): 57 sold and 11 did not — about 1 in 6. The ones that sold took a median of 47 days, counted from the first day listed, and closed at 97.4% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27880 · Sims 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 The outlined ones expired, were withdrawn or were canceled.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 29 days. Needed price cuts: 58 days, and sold for 93.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,719 |
| Property taxes | $160 |
| Homeowners insurance | $250 |
| Upkeep | $268 |
| Utilities | $250 |
| About | $2,650 |
About $2,650 every month the home sits.
Listings that didn't sell stayed on the market a median of 148 days — roughly $12,900 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); Wilson County rate 0.595 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
17%
12 of about 69 before closing
Those homes that later sold
67%
25% never sold
Sold vs. first ask after a fall-through
95.5%
vs. 98.0% on the first contract
Days to sell after a fall-through
53
vs. 47 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 54% · cash 7% · VA 7% · FHA 28%.
If you're selling
- Homes priced right from day one sold in a median of 29 days. Homes that needed price cuts took 58 days and sold for 93.2% of their first price.
- Waiting costs money. A $321,950 home runs about $2,650 a month to hold — roughly $12,900 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 95.5% of first asking, versus 98.0% for homes that closed on the first contract.
If you're buying
- 72% 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 148 days.
Did you know?
- 7% of buyers paid cash, and 7% used VA loans.
- A year earlier, 23% of listings didn't sell; now it's 16%.
- When a contract fell apart, 25% of those homes never sold at all.
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For sellers
Listings that didn't sell
16%
down 6.7 pts from a year ago
11 expired, withdrawn or canceled vs 57 sold
Sold vs. first asking price
97.4%
down 1.3 pts from a year ago
median sale price ÷ original list price
Sold below first asking
72%
share of homes that sold
Price cut on homes that didn't sell
2.2%
median — and they still didn't sell
For buyers
True days on market
47
up 17 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
46%
of listings that didn't sell the first time
Median sold price
$322K
down 30.8% from a year ago
57 homes sold
The last 23 months
22% latest month · Aug 26
21 latest month · Aug 26
98.1% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 17 | 2 | 11% | 21 | 99.6% |
| $300–400K | 24 | 4 | 14% | 56 | 96.5% |
| $400–500K | 13 | 4 | 24% | 60 | 95.4% |
| $500–750K | 2 | 1 | 33% | 19 | 99.5% |
| $1M+ | 1 | 0 | 0% | 77 | 94.7% |
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