Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27889 · Washington
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27889, 1 in 3 homes listed didn't sell
In the last 12 months, 312 homes finished their time on the market in ZIP code 27889 (Washington area): 219 sold and 93 did not — about 1 in 3. The ones that sold took a median of 34 days, counted from the first day listed, and closed at 95.9% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27889 · Washington 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 The outlined ones expired, were withdrawn or were canceled.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 13 days. Needed price cuts: 82 days, and sold for 90.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,591 |
| Property taxes | $111 |
| Homeowners insurance | $250 |
| Upkeep | $248 |
| Utilities | $250 |
| About | $2,450 |
About $2,450 every month the home sits.
Listings that didn't sell stayed on the market a median of 160 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); Beaufort County rate 0.445 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
19%
53 of about 275 before closing
Those homes that later sold
60%
38% never sold
Sold vs. first ask after a fall-through
89.4%
vs. 96.2% on the first contract
Days to sell after a fall-through
112
vs. 27 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 50% · cash 32% · VA 9% · FHA 8%.
If you're selling
- Homes priced right from day one sold in a median of 13 days. Homes that needed price cuts took 82 days and sold for 90.8% of their first price.
- Price range matters: 41% of homes starting at $500–750K didn't sell, compared with 19% at Under $300K.
- Waiting costs money. A $298,000 home runs about $2,450 a month to hold — roughly $12,900 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 89.4% of first asking, versus 96.2% for homes that closed on the first contract.
If you're buying
- 77% 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 160 days.
Did you know?
- 32% of buyers paid cash, and 9% used VA loans.
- A year earlier, 23% of listings didn't sell; now it's 30%.
- When a contract fell apart, 38% of those homes never sold at all.
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For sellers
Listings that didn't sell
30%
up 7.0 pts from a year ago
93 expired, withdrawn or canceled vs 219 sold
Sold vs. first asking price
95.9%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
77%
share of homes that sold
Price cut on homes that didn't sell
2.9%
median — and they still didn't sell
For buyers
True days on market
34
up 6 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
14%
of listings that didn't sell the first time
Median sold price
$298K
up 2.2% from a year ago
219 homes sold
The last 24 months
27% latest month · Aug 26
28 latest month · Aug 26
96.9% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 100 | 24 | 19% | 29 | 96.0% |
| $300–400K | 50 | 27 | 35% | 35 | 96.7% |
| $400–500K | 30 | 13 | 30% | 44 | 94.4% |
| $500–750K | 25 | 17 | 41% | 68 | 95.9% |
| $750K–1M | 9 | 7 | 44% | 100 | 95.4% |
| $1M+ | 5 | 5 | 50% | 64 | 93.2% |
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