Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27882 · Spring Hope
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27882, 1 in 3 homes listed didn't sell
In the last 12 months, 89 homes finished their time on the market in ZIP code 27882 (Spring Hope area): 56 sold and 33 did not — about 1 in 3. The ones that sold took a median of 74 days, counted from the first day listed, and closed at 97.6% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27882 · Spring Hope 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 The outlined ones expired, were withdrawn or were canceled.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: 112 days, and sold for 94.4% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,908 |
| Property taxes | $188 |
| Homeowners insurance | $250 |
| Upkeep | $298 |
| Utilities | $250 |
| About | $2,890 |
About $2,890 every month the home sits.
Listings that didn't sell stayed on the market a median of 104 days — roughly $9,900 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); 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
22%
16 of about 72 before closing
Those homes that later sold
56%
44% never sold
Sold vs. first ask after a fall-through
92.2%
vs. 98.3% on the first contract
Days to sell after a fall-through
127
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 52% · cash 20% · VA 5% · FHA 20%.
If you're selling
- Homes priced right from day one sold in a median of 29 days. Homes that needed price cuts took 112 days and sold for 94.4% of their first price.
- Price range matters: 44% of homes starting at $300–400K didn't sell, compared with 27% at Under $300K.
- Waiting costs money. A $357,400 home runs about $2,890 a month to hold — roughly $9,900 over the time a typical unsold listing sat.
- About 1 in 5 contracts fell apart before closing. Homes that went back on the market sold for 92.2% of first asking, versus 98.3% for homes that closed on the first contract.
If you're buying
- 64% 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 104 days.
Did you know?
- 20% of buyers paid cash, and 5% used VA loans.
- A year earlier, 17% of listings didn't sell; now it's 37%.
- When a contract fell apart, 44% of those homes never sold at all.
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For sellers
Listings that didn't sell
37%
up 20.2 pts from a year ago
33 expired, withdrawn or canceled vs 56 sold
Sold vs. first asking price
97.6%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
64%
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
74
down 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
6%
of listings that didn't sell the first time
Median sold price
$357K
up 27.2% from a year ago
56 homes sold
The last 23 months
40% latest month · Aug 26
27 latest month · Aug 26
95.0% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 19 | 7 | 27% | 10 | 97.6% |
| $300–400K | 14 | 11 | 44% | 124 | 95.2% |
| $400–500K | 18 | 8 | 31% | 107 | 96.6% |
| $500–750K | 3 | 7 | 70% | 120 | 100.0% |
| $750K–1M | 2 | 0 | 0% | 18 | 99.4% |
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