Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28449 · Kure Beach
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28449, 1 in 2 homes listed didn't sell
In the last 12 months, 167 homes finished their time on the market in ZIP code 28449 (Kure Beach area): 97 sold and 70 did not — about 1 in 2. The ones that sold took a median of 67 days, counted from the first day listed, and closed at 94.5% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28449 · Kure Beach 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 The outlined ones expired, were withdrawn or were canceled.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 20 days. Needed price cuts: 85 days, and sold for 90.7% of the first price.
What waiting costs
| Mortgage (principal + interest) | $3,971 |
| Property taxes | $191 |
| Homeowners insurance | $250 |
| Upkeep | $625 |
| Utilities | $250 |
| About | $5,290 |
About $5,290 every month the home sits.
Listings that didn't sell stayed on the market a median of 180 days — roughly $31,300 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); New Hanover County rate 0.306 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
14%
16 of about 115 before closing
Those homes that later sold
69%
31% never sold
Sold vs. first ask after a fall-through
90.0%
vs. 94.8% on the first contract
Days to sell after a fall-through
118
vs. 63 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 52% · cash 37% · VA 4% · FHA 2%.
If you're selling
- Homes priced right from day one sold in a median of 20 days. Homes that needed price cuts took 85 days and sold for 90.7% of their first price.
- Price range matters: 46% of homes starting at $1M+ didn't sell, compared with 38% at $750K–1M.
- Waiting costs money. A $749,900 home runs about $5,290 a month to hold — roughly $31,300 over the time a typical unsold listing sat.
- About 1 in 7 contracts fell apart before closing. Homes that went back on the market sold for 90.0% of first asking, versus 94.8% for homes that closed on the first contract.
If you're buying
- 85% 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 180 days.
Did you know?
- 37% of buyers paid cash, and 4% used VA loans.
- A year earlier, 42% of listings didn't sell; now it's 42%.
- When a contract fell apart, 31% of those homes never sold at all.
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For sellers
Listings that didn't sell
42%
about the same as a year ago
70 expired, withdrawn or canceled vs 97 sold
Sold vs. first asking price
94.5%
down 0.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
85%
share of homes that sold
Price cut on homes that didn't sell
1.2%
median — and they still didn't sell
For buyers
True days on market
67
up 5 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.5%
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
$750K
up 7.9% from a year ago
97 homes sold
The last 24 months
47% latest month · Aug 26
101 latest month · Aug 26
88.5% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 8 | 7 | 47% | 79 | 98.7% |
| $400–500K | 12 | 6 | 33% | 70 | 94.9% |
| $500–750K | 24 | 17 | 42% | 51 | 94.5% |
| $750K–1M | 23 | 14 | 38% | 73 | 95.0% |
| $1M+ | 30 | 26 | 46% | 69 | 92.6% |
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 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000