Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28466 · Wallace
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28466, 1 in 3 homes listed didn't sell
In the last 12 months, 157 homes finished their time on the market in ZIP code 28466 (Wallace area): 101 sold and 56 did not — about 1 in 3. The ones that sold took a median of 62 days, counted from the first day listed, and closed at 96.2% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28466 · Wallace 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 The outlined ones expired, were withdrawn or were canceled.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 43 days. Needed price cuts: 88 days, and sold for 92.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,975 |
| Property taxes | $180 |
| Homeowners insurance | $250 |
| Upkeep | $311 |
| Utilities | $250 |
| About | $2,970 |
About $2,970 every month the home sits.
Listings that didn't sell stayed on the market a median of 161 days — roughly $15,700 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); Duplin County rate 0.58 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
21%
27 of about 130 before closing
Those homes that later sold
63%
33% never sold
Sold vs. first ask after a fall-through
91.9%
vs. 96.2% on the first contract
Days to sell after a fall-through
129
vs. 52 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 44% · cash 25% · VA 19% · FHA 10%.
If you're selling
- Homes priced right from day one sold in a median of 43 days. Homes that needed price cuts took 88 days and sold for 92.8% of their first price.
- Price range matters: 52% of homes starting at $500–750K didn't sell, compared with 16% at $300–400K.
- Waiting costs money. A $373,000 home runs about $2,970 a month to hold — roughly $15,700 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 91.9% of first asking, versus 96.2% for homes that closed on the first contract.
If you're buying
- 79% 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 161 days.
Did you know?
- 25% of buyers paid cash, and 19% used VA loans.
- A year earlier, 35% of listings didn't sell; now it's 36%.
- When a contract fell apart, 33% of those homes never sold at all.
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For sellers
Listings that didn't sell
36%
up 1.2 pts from a year ago
56 expired, withdrawn or canceled vs 101 sold
Sold vs. first asking price
96.2%
up 1.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
79%
share of homes that sold
Price cut on homes that didn't sell
1.9%
median — and they still didn't sell
For buyers
True days on market
62
about the same as a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.8%
how far under the original price homes sold
Didn't sell, then sold on a relist
29%
of listings that didn't sell the first time
Median sold price
$373K
up 16.1% from a year ago
101 homes sold
The last 24 months
10% latest month · Aug 26
100 latest month · Aug 26
93.8% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 20 | 11 | 36% | 38 | 96.6% |
| $300–400K | 37 | 7 | 16% | 66 | 95.7% |
| $400–500K | 19 | 7 | 27% | 19 | 96.6% |
| $500–750K | 22 | 24 | 52% | 97 | 95.3% |
| $750K–1M | 3 | 7 | 70% | 51 | 95.5% |
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