Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27886 · Tarboro
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27886, 1 in 4 homes listed didn't sell
In the last 12 months, 164 homes finished their time on the market in ZIP code 27886 (Tarboro area): 120 sold and 44 did not — about 1 in 4. The ones that sold took a median of 49 days, counted from the first day listed, and closed at 94.7% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27886 · Tarboro 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 The outlined ones expired, were withdrawn or were canceled.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 18 days. Needed price cuts: 66 days, and sold for 90.5% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,104 |
| Property taxes | $153 |
| Homeowners insurance | $250 |
| Upkeep | $172 |
| Utilities | $250 |
| About | $1,930 |
About $1,930 every month the home sits.
Listings that didn't sell stayed on the market a median of 135 days — roughly $8,600 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); Edgecombe County rate 0.89 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
24%
39 of about 162 before closing
Those homes that later sold
62%
33% never sold
Sold vs. first ask after a fall-through
95.9%
vs. 94.7% on the first contract
Days to sell after a fall-through
81
vs. 42 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 42% · cash 23% · VA 9% · FHA 22%.
If you're selling
- Homes priced right from day one sold in a median of 18 days. Homes that needed price cuts took 66 days and sold for 90.5% of their first price.
- Waiting costs money. A $206,888 home runs about $1,930 a month to hold — roughly $8,600 over the time a typical unsold listing sat.
- About 1 in 4 contracts fell apart before closing. Homes that went back on the market sold for 95.9% of first asking, versus 94.7% for homes that closed on the first contract.
If you're buying
- 73% 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?
- 23% of buyers paid cash, and 9% used VA loans.
- A year earlier, 23% 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 4.0 pts from a year ago
44 expired, withdrawn or canceled vs 120 sold
Sold vs. first asking price
94.7%
up 1.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
73%
share of homes that sold
Price cut on homes that didn't sell
4.5%
median — and they still didn't sell
For buyers
True days on market
49
up 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.3%
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
$207K
up 15.3% from a year ago
120 homes sold
The last 24 months
33% latest month · Aug 26
84 latest month · Aug 26
93.5% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 102 | 33 | 24% | 46 | 94.9% |
| $300–400K | 12 | 3 | 20% | 87 | 91.7% |
| $400–500K | 2 | 2 | 50% | 45 | 97.3% |
| $500–750K | 3 | 5 | 63% | 159 | 78.7% |
| $750K–1M | 1 | 0 | 0% | 104 | 26.9% |
| $1M+ | 0 | 1 | 100% | — | — |
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