Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28457 · Rocky Point
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28457, 1 in 8 homes listed didn't sell
In the last 12 months, 202 homes finished their time on the market in ZIP code 28457 (Rocky Point area): 178 sold and 24 did not — about 1 in 8. The ones that sold took a median of 26 days, counted from the first day listed, and closed at 97.8% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28457 · Rocky Point 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 The outlined ones expired, were withdrawn or were canceled.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 12 days. Needed price cuts: 77 days, and sold for 93.5% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,999 |
| Property taxes | $232 |
| Homeowners insurance | $250 |
| Upkeep | $315 |
| Utilities | $250 |
| About | $3,050 |
About $3,050 every month the home sits.
Listings that didn't sell stayed on the market a median of 80 days — roughly $8,000 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
18%
39 of about 218 before closing
Those homes that later sold
87%
13% never sold
Sold vs. first ask after a fall-through
96.9%
vs. 97.9% on the first contract
Days to sell after a fall-through
58
vs. 20 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 49% · cash 18% · VA 13% · FHA 19%.
If you're selling
- Homes priced right from day one sold in a median of 12 days. Homes that needed price cuts took 77 days and sold for 93.5% of their first price.
- Price range matters: 13% of homes starting at $300–400K didn't sell, compared with 8% at Under $300K.
- Waiting costs money. A $377,425 home runs about $3,050 a month to hold — roughly $8,000 over the time a typical unsold listing sat.
- About 1 in 6 contracts fell apart before closing. Homes that went back on the market sold for 96.9% of first asking, versus 97.9% for homes that closed on the first contract.
If you're buying
- 64% 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 80 days.
Did you know?
- 18% of buyers paid cash, and 13% used VA loans.
- A year earlier, 17% of listings didn't sell; now it's 12%.
- When a contract fell apart, 13% of those homes never sold at all.
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For sellers
Listings that didn't sell
12%
down 4.9 pts from a year ago
24 expired, withdrawn or canceled vs 178 sold
Sold vs. first asking price
97.8%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
64%
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
26
down 5 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
42%
of listings that didn't sell the first time
Median sold price
$377K
down 0.7% from a year ago
178 homes sold
The last 24 months
0% latest month · Aug 26
41 latest month · Aug 26
98.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 55 | 5 | 8% | 19 | 98.6% |
| $300–400K | 39 | 6 | 13% | 25 | 97.5% |
| $400–500K | 52 | 8 | 13% | 37 | 98.1% |
| $500–750K | 27 | 3 | 10% | 35 | 97.1% |
| $750K–1M | 4 | 1 | 20% | 6 | 100.0% |
| $1M+ | 1 | 1 | 50% | 16 | 100.0% |
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