Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27893 · Wilson
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27893, 1 in 4 homes listed didn't sell
In the last 12 months, 377 homes finished their time on the market in ZIP code 27893 (Wilson area): 279 sold and 98 did not — about 1 in 4. The ones that sold took a median of 32 days, counted from the first day listed, and closed at 96.1% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27893 · Wilson 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 The outlined ones expired, were withdrawn or were canceled.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: 54 days, and sold for 92.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,172 |
| Property taxes | $109 |
| Homeowners insurance | $250 |
| Upkeep | $183 |
| Utilities | $250 |
| About | $1,960 |
About $1,960 every month the home sits.
Listings that didn't sell stayed on the market a median of 116 days — roughly $7,500 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
24%
87 of about 368 before closing
Those homes that later sold
60%
36% never sold
Sold vs. first ask after a fall-through
92.6%
vs. 96.7% on the first contract
Days to sell after a fall-through
98
vs. 23 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 43% · cash 26% · VA 11% · FHA 16%.
If you're selling
- Homes priced right from day one sold in a median of 13 days. Homes that needed price cuts took 54 days and sold for 92.2% of their first price.
- Waiting costs money. A $219,500 home runs about $1,960 a month to hold — roughly $7,500 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 92.6% of first asking, versus 96.7% for homes that closed on the first contract.
If you're buying
- 71% 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 116 days.
Did you know?
- 26% of buyers paid cash, and 11% used VA loans.
- A year earlier, 22% of listings didn't sell; now it's 26%.
- When a contract fell apart, 36% of those homes never sold at all.
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For sellers
Listings that didn't sell
26%
up 4.5 pts from a year ago
98 expired, withdrawn or canceled vs 279 sold
Sold vs. first asking price
96.1%
down 1.3 pts from a year ago
median sale price ÷ original list price
Sold below first asking
71%
share of homes that sold
Price cut on homes that didn't sell
0.9%
median — and they still didn't sell
For buyers
True days on market
32
up 4 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.9%
how far under the original price homes sold
Didn't sell, then sold on a relist
11%
of listings that didn't sell the first time
Median sold price
$220K
down 2.4% from a year ago
279 homes sold
The last 24 months
33% latest month · Aug 26
41 latest month · Aug 26
96.1% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 216 | 75 | 26% | 30 | 95.8% |
| $300–400K | 34 | 15 | 31% | 61 | 96.2% |
| $400–500K | 17 | 4 | 19% | 36 | 98.9% |
| $500–750K | 9 | 3 | 25% | 10 | 100.0% |
| $750K–1M | 2 | 1 | 33% | 12 | 94.7% |
| $1M+ | 1 | 0 | 0% | 25 | 95.7% |
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