Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28365 · Mount Olive
October 1, 2026
(910) 395‑1000 · buddyblake.ai
Mount Olive: 1 in 4 Contracts Fell Apart Last Year
In ZIP 28365, homes that sold took a typical 39 days and brought 94.3% of first asking price. But 1 in 5 listings didn't sell at all, and 1 in 4 contracts that did get signed fell apart before closing.
Summary written October 1, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28365 · Mount Olive 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 The outlined ones expired, were withdrawn or were canceled.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 35 days. Needed price cuts: 40 days, and sold for 87.1% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,040 |
| Property taxes | $102 |
| Homeowners insurance | $250 |
| Upkeep | $162 |
| Utilities | $250 |
| About | $1,800 |
About $1,800 every month the home sits.
Listings that didn't sell stayed on the market a median of 146 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); Wayne County rate 0.6259 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
25%
16 of about 65 before closing
Those homes that later sold
63%
38% never sold
Sold vs. first ask after a fall-through
84.6%
vs. 94.8% on the first contract
Days to sell after a fall-through
108
vs. 30 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 18% · cash 41% · VA 14% · FHA 18%.
If you're selling
- Homes priced right from the start sold in a typical 35 days. Homes that needed price cuts took 40 days and still sold for only 87.1% of asking.
- Listings that never sold sat for a typical 146 days and still carried a median price cut of 3.7%.
- Waiting costs money. Carrying a typical home here runs about an estimated $1,800 a month, or about $8,600 while it sits unsold.
- 1 in 4 contracts fell apart before closing, most often inspection, appraisal or financing issues. Being ready for those steps up front helps keep a contract together.
If you're buying
- 88% of homes in this ZIP sold below the first asking price, so there's room to negotiate.
- If a contract falls apart, homes that go back on the market take a typical 108 days to sell the second time, and sell for 84.6% of asking versus 94.8% on a first contract.
- Buyers here are paying in different ways: 41% cash, 18% conventional, 18% FHA, and 14% VA.
Did you know?
- The median sold price in ZIP 28365 over the last 12 months was $194,900.
- Of 61 homes that finished out their listing, 49 sold and 12 didn't sell.
- The rate of listings that didn't sell was 20% this year, the same as the year before.
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For sellers
Listings that didn't sell
20%
down 0.6 pts from a year ago
12 expired, withdrawn or canceled vs 49 sold
Sold vs. first asking price
94.3%
down 0.8 pts from a year ago
median sale price ÷ original list price
Sold below first asking
88%
share of homes that sold
Price cut on homes that didn't sell
3.7%
median — and they still didn't sell
For buyers
True days on market
39
up 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.7%
how far under the original price homes sold
Didn't sell, then sold on a relist
25%
of listings that didn't sell the first time
Median sold price
$195K
down 10.1% from a year ago
49 homes sold
The last 24 months
55% latest month · Sep 26
53 latest month · Sep 26
87.7% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 39 | 4 | 9% | 35 | 94.3% |
| $300–400K | 9 | 4 | 31% | 58 | 94.5% |
| $400–500K | 1 | 2 | 67% | 35 | 93.4% |
| $500–750K | 0 | 2 | 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 October 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000