Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28469 · Ocean Isle Beach
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28469, 1 in 4 homes listed didn't sell
In the last 12 months, 838 homes finished their time on the market in ZIP code 28469 (Ocean Isle Beach area): 615 sold and 223 did not — about 1 in 4. The ones that sold took a median of 47 days, counted from the first day listed, and closed at 93.8% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28469 · Ocean Isle 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 The outlined ones expired, were withdrawn or were canceled.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 13 days. Needed price cuts: 73 days, and sold for 91.1% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,251 |
| Property taxes | $121 |
| Homeowners insurance | $250 |
| Upkeep | $354 |
| Utilities | $250 |
| About | $3,230 |
About $3,230 every month the home sits.
Listings that didn't sell stayed on the market a median of 157 days — roughly $16,700 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
15%
109 of about 728 before closing
Those homes that later sold
59%
37% never sold
Sold vs. first ask after a fall-through
91.0%
vs. 94.2% on the first contract
Days to sell after a fall-through
101
vs. 44 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 56% · cash 38% · VA 2% · FHA 2%.
If you're selling
- Homes priced right from day one sold in a median of 13 days. Homes that needed price cuts took 73 days and sold for 91.1% of their first price.
- Price range matters: 32% of homes starting at $1M+ didn't sell, compared with 19% at Under $300K.
- Waiting costs money. A $425,000 home runs about $3,230 a month to hold — roughly $16,700 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 91.0% of first asking, versus 94.2% for homes that closed on the first contract.
If you're buying
- 87% 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 157 days.
Did you know?
- 38% of buyers paid cash, and 2% used VA loans.
- A year earlier, 23% of listings didn't sell; now it's 27%.
- When a contract fell apart, 37% of those homes never sold at all.
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For sellers
Listings that didn't sell
27%
up 3.2 pts from a year ago
223 expired, withdrawn or canceled vs 615 sold
Sold vs. first asking price
93.8%
down 1.1 pts from a year ago
median sale price ÷ original list price
Sold below first asking
87%
share of homes that sold
Price cut on homes that didn't sell
3.1%
median — and they still didn't sell
For buyers
True days on market
47
down 8 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
6.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
17%
of listings that didn't sell the first time
Median sold price
$425K
down 5.3% from a year ago
615 homes sold
The last 24 months
24% latest month · Aug 26
54 latest month · Aug 26
94.7% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 142 | 33 | 19% | 44 | 91.6% |
| $300–400K | 126 | 55 | 30% | 40 | 91.4% |
| $400–500K | 73 | 30 | 29% | 73 | 95.1% |
| $500–750K | 126 | 45 | 26% | 61 | 96.0% |
| $750K–1M | 55 | 17 | 24% | 50 | 96.6% |
| $1M+ | 93 | 43 | 32% | 52 | 93.6% |
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