Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28425 · Burgaw
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28425, 1 in 4 homes listed didn't sell
In the last 12 months, 182 homes finished their time on the market in ZIP code 28425 (Burgaw area): 133 sold and 49 did not — about 1 in 4. The ones that sold took a median of 46 days, counted from the first day listed, and closed at 96.6% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28425 · Burgaw 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 The outlined ones expired, were withdrawn or were canceled.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 18 days. Needed price cuts: 64 days, and sold for 92.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,838 |
| Property taxes | $213 |
| Homeowners insurance | $250 |
| Upkeep | $289 |
| Utilities | $250 |
| About | $2,840 |
About $2,840 every month the home sits.
Listings that didn't sell stayed on the market a median of 131 days — roughly $12,200 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); Pender County rate 0.7375 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
23%
39 of about 173 before closing
Those homes that later sold
72%
26% never sold
Sold vs. first ask after a fall-through
94.0%
vs. 97.4% on the first contract
Days to sell after a fall-through
102
vs. 31 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 42% · cash 22% · VA 21% · FHA 14%.
If you're selling
- Homes priced right from day one sold in a median of 18 days. Homes that needed price cuts took 64 days and sold for 92.2% of their first price.
- Price range matters: 31% of homes starting at $500–750K didn't sell, compared with 24% at $300–400K.
- Waiting costs money. A $347,000 home runs about $2,840 a month to hold — roughly $12,200 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 94.0% of first asking, versus 97.4% for homes that closed on the first contract.
If you're buying
- 68% 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 131 days.
Did you know?
- 22% of buyers paid cash, and 21% used VA loans.
- A year earlier, 18% of listings didn't sell; now it's 27%.
- When a contract fell apart, 26% of those homes never sold at all.
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For sellers
Listings that didn't sell
27%
up 9.2 pts from a year ago
49 expired, withdrawn or canceled vs 133 sold
Sold vs. first asking price
96.6%
down 1.2 pts from a year ago
median sale price ÷ original list price
Sold below first asking
68%
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
46
up 15 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
8%
of listings that didn't sell the first time
Median sold price
$347K
up 19.7% from a year ago
133 homes sold
The last 24 months
44% latest month · Aug 26
26 latest month · Aug 26
95.7% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 41 | 14 | 26% | 46 | 94.2% |
| $300–400K | 55 | 17 | 24% | 39 | 98.5% |
| $400–500K | 15 | 8 | 35% | 28 | 96.8% |
| $500–750K | 18 | 8 | 31% | 134 | 96.2% |
| $750K–1M | 2 | 1 | 33% | 298 | 82.2% |
| $1M+ | 2 | 1 | 33% | 135 | 79.8% |
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