Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28462 · Supply
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28462, 1 in 4 homes listed didn't sell
In the last 12 months, 742 homes finished their time on the market in ZIP code 28462 (Supply area): 545 sold and 197 did not — about 1 in 4. The ones that sold took a median of 64 days, counted from the first day listed, and closed at 94.9% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28462 · Supply 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 The outlined ones expired, were withdrawn or were canceled.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 22 days. Needed price cuts: 95 days, and sold for 91.7% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,658 |
| Property taxes | $89 |
| Homeowners insurance | $250 |
| Upkeep | $261 |
| Utilities | $250 |
| About | $2,510 |
About $2,510 every month the home sits.
Listings that didn't sell stayed on the market a median of 154 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 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
19%
126 of about 673 before closing
Those homes that later sold
64%
29% never sold
Sold vs. first ask after a fall-through
89.7%
vs. 95.6% on the first contract
Days to sell after a fall-through
143
vs. 50 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 39% · cash 34% · VA 6% · FHA 14%.
If you're selling
- Homes priced right from day one sold in a median of 22 days. Homes that needed price cuts took 95 days and sold for 91.7% of their first price.
- Price range matters: 43% of homes starting at $400–500K didn't sell, compared with 20% at Under $300K.
- Waiting costs money. A $313,000 home runs about $2,510 a month to hold — roughly $12,700 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 89.7% of first asking, versus 95.6% for homes that closed on the first contract.
If you're buying
- 83% 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 154 days.
Did you know?
- 34% of buyers paid cash, and 6% used VA loans.
- A year earlier, 22% of listings didn't sell; now it's 27%.
- When a contract fell apart, 29% of those homes never sold at all.
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For sellers
Listings that didn't sell
27%
up 4.9 pts from a year ago
197 expired, withdrawn or canceled vs 545 sold
Sold vs. first asking price
94.9%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
83%
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
64
up 16 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
27%
of listings that didn't sell the first time
Median sold price
$313K
down 0.6% from a year ago
545 homes sold
The last 24 months
37% latest month · Aug 26
62 latest month · Aug 26
93.4% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 226 | 57 | 20% | 50 | 95.4% |
| $300–400K | 102 | 27 | 21% | 103 | 95.4% |
| $400–500K | 35 | 26 | 43% | 36 | 96.8% |
| $500–750K | 58 | 27 | 32% | 100 | 93.1% |
| $750K–1M | 59 | 24 | 29% | 90 | 93.9% |
| $1M+ | 65 | 36 | 36% | 37 | 93.5% |
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