Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28422 · Bolivia
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28422, 1 in 4 homes listed didn't sell
In the last 12 months, 703 homes finished their time on the market in ZIP code 28422 (Bolivia area): 538 sold and 165 did not — about 1 in 4. The ones that sold took a median of 75 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 28422 · Bolivia 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 The outlined ones expired, were withdrawn or were canceled.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 41 days. Needed price cuts: 113 days, and sold for 92.5% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,827 |
| Property taxes | $98 |
| Homeowners insurance | $250 |
| Upkeep | $288 |
| Utilities | $250 |
| About | $2,710 |
About $2,710 every month the home sits.
Listings that didn't sell stayed on the market a median of 126 days — roughly $11,200 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 6.95% (Freddie Mac average, 2026-09-17); Brunswick County rate 0.342 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
20%
135 of about 674 before closing
Those homes that later sold
78%
19% never sold
Sold vs. first ask after a fall-through
93.4%
vs. 96.6% on the first contract
Days to sell after a fall-through
167
vs. 59 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 46% · cash 21% · VA 9% · FHA 20%.
If you're selling
- Homes priced right from day one sold in a median of 41 days. Homes that needed price cuts took 113 days and sold for 92.5% of their first price.
- Price range matters: 31% of homes starting at $750K–1M didn't sell, compared with 19% at $300–400K.
- Waiting costs money. A $345,000 home runs about $2,710 a month to hold — roughly $11,200 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 93.4% of first asking, versus 96.6% for homes that closed on the first contract.
If you're buying
- 76% 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 126 days.
Did you know?
- 21% of buyers paid cash, and 9% used VA loans.
- A year earlier, 24% of listings didn't sell; now it's 24%.
- When a contract fell apart, 19% of those homes never sold at all.
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For sellers
Listings that didn't sell
24%
down 0.5 pts from a year ago
165 expired, withdrawn or canceled vs 538 sold
Sold vs. first asking price
96.1%
down 1.9 pts from a year ago
median sale price ÷ original list price
Sold below first asking
76%
share of homes that sold
Price cut on homes that didn't sell
1.8%
median — and they still didn't sell
For buyers
True days on market
75
up 19 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
17%
of listings that didn't sell the first time
Median sold price
$345K
up 9.5% from a year ago
538 homes sold
The last 24 months
23% latest month · Aug 26
129 latest month · Aug 26
94.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 120 | 39 | 25% | 70 | 97.5% |
| $300–400K | 230 | 54 | 19% | 80 | 95.3% |
| $400–500K | 85 | 23 | 21% | 74 | 97.2% |
| $500–750K | 77 | 34 | 31% | 84 | 95.3% |
| $750K–1M | 22 | 10 | 31% | 102 | 96.9% |
| $1M+ | 4 | 5 | 56% | 80 | 98.7% |
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 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000