Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27896 · Wilson
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 27896, 1 in 5 homes listed didn't sell
In the last 12 months, 337 homes finished their time on the market in ZIP code 27896 (Wilson area): 264 sold and 73 did not — about 1 in 5. The ones that sold took a median of 29 days, counted from the first day listed, and closed at 97.5% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 27896 · 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 The outlined ones expired, were withdrawn or were canceled.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 11 days. Needed price cuts: 81 days, and sold for 93.0% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,482 |
| Property taxes | $138 |
| Homeowners insurance | $250 |
| Upkeep | $231 |
| Utilities | $250 |
| About | $2,350 |
About $2,350 every month the home sits.
Listings that didn't sell stayed on the market a median of 176 days — roughly $13,600 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); 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
16%
49 of about 315 before closing
Those homes that later sold
65%
29% never sold
Sold vs. first ask after a fall-through
93.8%
vs. 97.8% on the first contract
Days to sell after a fall-through
76
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 49% · cash 20% · VA 11% · FHA 16%.
If you're selling
- Homes priced right from day one sold in a median of 11 days. Homes that needed price cuts took 81 days and sold for 93.0% of their first price.
- Price range matters: 36% of homes starting at $500–750K didn't sell, compared with 16% at Under $300K.
- Waiting costs money. A $277,520 home runs about $2,350 a month to hold — roughly $13,600 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 93.8% of first asking, versus 97.8% for homes that closed on the first contract.
If you're buying
- 67% 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 176 days.
Did you know?
- 20% of buyers paid cash, and 11% used VA loans.
- A year earlier, 23% of listings didn't sell; now it's 22%.
- When a contract fell apart, 29% of those homes never sold at all.
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For sellers
Listings that didn't sell
22%
down 1.6 pts from a year ago
73 expired, withdrawn or canceled vs 264 sold
Sold vs. first asking price
97.5%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
67%
share of homes that sold
Price cut on homes that didn't sell
2.8%
median — and they still didn't sell
For buyers
True days on market
29
down 1 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.5%
how far under the original price homes sold
Didn't sell, then sold on a relist
16%
of listings that didn't sell the first time
Median sold price
$278K
down 1.1% from a year ago
264 homes sold
The last 24 months
19% latest month · Aug 26
23 latest month · Aug 26
97.9% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 152 | 28 | 16% | 33 | 97.5% |
| $300–400K | 60 | 28 | 32% | 23 | 97.9% |
| $400–500K | 27 | 7 | 21% | 31 | 97.1% |
| $500–750K | 18 | 10 | 36% | 31 | 97.7% |
| $750K–1M | 5 | 0 | 0% | 19 | 95.2% |
| $1M+ | 2 | 0 | 0% | 26 | 96.6% |
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