Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28470 · Shallotte
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28470, 1 in 4 homes listed didn't sell
In the last 12 months, 495 homes finished their time on the market in ZIP code 28470 (Shallotte area): 381 sold and 114 did not — about 1 in 4. The ones that sold took a median of 65 days, counted from the first day listed, and closed at 95.0% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28470 · Shallotte 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 The outlined ones expired, were withdrawn or were canceled.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 19 days. Needed price cuts: 101 days, and sold for 90.7% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,641 |
| Property taxes | $88 |
| Homeowners insurance | $250 |
| Upkeep | $258 |
| Utilities | $250 |
| About | $2,490 |
About $2,490 every month the home sits.
Listings that didn't sell stayed on the market a median of 172 days — roughly $14,000 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); 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
20%
96 of about 478 before closing
Those homes that later sold
72%
27% never sold
Sold vs. first ask after a fall-through
91.6%
vs. 95.7% on the first contract
Days to sell after a fall-through
118
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 48% · cash 28% · VA 9% · FHA 14%.
If you're selling
- Homes priced right from day one sold in a median of 19 days. Homes that needed price cuts took 101 days and sold for 90.7% of their first price.
- Price range matters: 29% of homes starting at $400–500K didn't sell, compared with 19% at Under $300K.
- Waiting costs money. A $309,900 home runs about $2,490 a month to hold — roughly $14,000 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 91.6% of first asking, versus 95.7% 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 172 days.
Did you know?
- 28% of buyers paid cash, and 9% used VA loans.
- A year earlier, 20% of listings didn't sell; now it's 23%.
- When a contract fell apart, 27% of those homes never sold at all.
Get the ZIP 28470 · Shallotte report every month
The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.
For sellers
Listings that didn't sell
23%
up 2.9 pts from a year ago
114 expired, withdrawn or canceled vs 381 sold
Sold vs. first asking price
95.0%
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
2.6%
median — and they still didn't sell
For buyers
True days on market
65
down 2 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
18%
of listings that didn't sell the first time
Median sold price
$310K
up 3.3% from a year ago
381 homes sold
The last 24 months
22% latest month · Aug 26
61 latest month · Aug 26
96.5% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 143 | 34 | 19% | 53 | 95.0% |
| $300–400K | 144 | 46 | 24% | 48 | 96.7% |
| $400–500K | 50 | 20 | 29% | 107 | 92.5% |
| $500–750K | 26 | 8 | 24% | 143 | 89.7% |
| $750K–1M | 14 | 3 | 18% | 92 | 88.7% |
| $1M+ | 4 | 3 | 43% | 96 | 92.0% |
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