Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28394 · Vass
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28394, 1 in 4 homes listed didn't sell
In the last 12 months, 229 homes finished their time on the market in ZIP code 28394 (Vass area): 176 sold and 53 did not — about 1 in 4. The ones that sold took a median of 81 days, counted from the first day listed, and closed at 98.5% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28394 · Vass 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 The outlined ones expired, were withdrawn or were canceled.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 39 days. Needed price cuts: 119 days, and sold for 93.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,082 |
| Property taxes | $96 |
| Homeowners insurance | $250 |
| Upkeep | $325 |
| Utilities | $250 |
| About | $3,000 |
About $3,000 every month the home sits.
Listings that didn't sell stayed on the market a median of 129 days — roughly $12,700 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); Moore County rate 0.295 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
11%
22 of about 198 before closing
Those homes that later sold
64%
27% never sold
Sold vs. first ask after a fall-through
96.0%
vs. 98.7% on the first contract
Days to sell after a fall-through
204
vs. 80 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 22% · cash 11% · VA 60% · FHA 5%.
If you're selling
- Homes priced right from day one sold in a median of 39 days. Homes that needed price cuts took 119 days and sold for 93.8% of their first price.
- Price range matters: 23% of homes starting at $400–500K didn't sell, compared with 7% at Under $300K.
- Waiting costs money. A $390,000 home runs about $3,000 a month to hold — roughly $12,700 over the time a typical unsold listing sat.
- About 1 in 9 contracts fell apart before closing. Homes that went back on the market sold for 96.0% of first asking, versus 98.7% 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 129 days.
Did you know?
- 11% of buyers paid cash, and 60% used VA loans.
- A year earlier, 21% of listings didn't sell; now it's 23%.
- When a contract fell apart, 27% of those homes never sold at all.
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For sellers
Listings that didn't sell
23%
up 2.4 pts from a year ago
53 expired, withdrawn or canceled vs 176 sold
Sold vs. first asking price
98.5%
up 1.6 pts from 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
2.3%
median — and they still didn't sell
For buyers
True days on market
81
down 4 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.5%
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
$390K
up 1.6% from a year ago
176 homes sold
The last 24 months
33% latest month · Aug 26
73 latest month · Aug 26
96.8% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 25 | 2 | 7% | 13 | 100.0% |
| $300–400K | 63 | 16 | 20% | 80 | 98.1% |
| $400–500K | 64 | 19 | 23% | 108 | 98.6% |
| $500–750K | 14 | 3 | 18% | 28 | 98.6% |
| $750K–1M | 3 | 6 | 67% | 121 | 96.3% |
| $1M+ | 7 | 7 | 50% | 99 | 92.4% |
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