Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28465 · Oak Island
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28465, 1 in 4 homes listed didn't sell
In the last 12 months, 807 homes finished their time on the market in ZIP code 28465 (Oak Island area): 578 sold and 229 did not — about 1 in 4. The ones that sold took a median of 58 days, counted from the first day listed, and closed at 95.6% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28465 · Oak Island 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 The outlined ones expired, were withdrawn or were canceled.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 17 days. Needed price cuts: 94 days, and sold for 91.7% of the first price.
What waiting costs
| Mortgage (principal + interest) | $3,534 |
| Property taxes | $190 |
| Homeowners insurance | $250 |
| Upkeep | $556 |
| Utilities | $250 |
| About | $4,780 |
About $4,780 every month the home sits.
Listings that didn't sell stayed on the market a median of 170 days — roughly $26,700 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
14%
96 of about 675 before closing
Those homes that later sold
52%
43% never sold
Sold vs. first ask after a fall-through
92.6%
vs. 96.0% on the first contract
Days to sell after a fall-through
96
vs. 53 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 64% · cash 30% · VA 1% · FHA 1%.
If you're selling
- Homes priced right from day one sold in a median of 17 days. Homes that needed price cuts took 94 days and sold for 91.7% of their first price.
- Price range matters: 33% of homes starting at $1M+ didn't sell, compared with 20% at $300–400K.
- Waiting costs money. A $667,413 home runs about $4,780 a month to hold — roughly $26,700 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 92.6% of first asking, versus 96.0% 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 170 days.
Did you know?
- 30% of buyers paid cash, and 1% used VA loans.
- A year earlier, 30% of listings didn't sell; now it's 28%.
- When a contract fell apart, 43% of those homes never sold at all.
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For sellers
Listings that didn't sell
28%
down 1.3 pts from a year ago
229 expired, withdrawn or canceled vs 578 sold
Sold vs. first asking price
95.6%
about the same as 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
2.3%
median — and they still didn't sell
For buyers
True days on market
58
up 1 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
31%
of listings that didn't sell the first time
Median sold price
$667K
up 2.7% from a year ago
578 homes sold
The last 24 months
23% latest month · Aug 26
54 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 | 11 | 3 | 21% | 27 | 94.4% |
| $300–400K | 32 | 8 | 20% | 29 | 96.5% |
| $400–500K | 83 | 29 | 26% | 54 | 95.5% |
| $500–750K | 202 | 73 | 27% | 62 | 96.5% |
| $750K–1M | 126 | 55 | 30% | 72 | 95.7% |
| $1M+ | 124 | 61 | 33% | 56 | 94.3% |
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