Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28512 · Atlantic Beach
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28512, 1 in 3 homes listed didn't sell
In the last 12 months, 364 homes finished their time on the market in ZIP code 28512 (Atlantic Beach area): 246 sold and 118 did not — about 1 in 3. The ones that sold took a median of 52 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 28512 · Atlantic 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 The outlined ones expired, were withdrawn or were canceled.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 9 days. Needed price cuts: 82 days, and sold for 92.9% of the first price.
What waiting costs
| Mortgage (principal + interest) | $3,294 |
| Property taxes | $116 |
| Homeowners insurance | $250 |
| Upkeep | $514 |
| Utilities | $250 |
| About | $4,420 |
About $4,420 every month the home sits.
Listings that didn't sell stayed on the market a median of 201 days — roughly $29,200 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 7.03% (Freddie Mac average, 2026-09-24); Carteret County rate 0.225 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%
42 of about 288 before closing
Those homes that later sold
57%
41% never sold
Sold vs. first ask after a fall-through
92.9%
vs. 95.2% on the first contract
Days to sell after a fall-through
105
vs. 46 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 50% · cash 45% · VA 2% · FHA 0%.
If you're selling
- Homes priced right from day one sold in a median of 9 days. Homes that needed price cuts took 82 days and sold for 92.9% of their first price.
- Price range matters: 39% of homes starting at Under $300K didn't sell, compared with 29% at $500–750K.
- Waiting costs money. A $617,000 home runs about $4,420 a month to hold — roughly $29,200 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 92.9% of first asking, versus 95.2% for homes that closed on the first contract.
If you're buying
- 86% 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 201 days.
Did you know?
- 45% of buyers paid cash, and 2% used VA loans.
- A year earlier, 30% of listings didn't sell; now it's 32%.
- When a contract fell apart, 41% of those homes never sold at all.
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For sellers
Listings that didn't sell
32%
up 2.1 pts from a year ago
118 expired, withdrawn or canceled vs 246 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
86%
share of homes that sold
Price cut on homes that didn't sell
2.0%
median — and they still didn't sell
For buyers
True days on market
52
up 5 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
20%
of listings that didn't sell the first time
Median sold price
$617K
down 4.9% from a year ago
246 homes sold
The last 24 months
28% latest month · Aug 26
80 latest month · Aug 26
93.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 16 | 10 | 39% | 48 | 94.9% |
| $300–400K | 26 | 15 | 37% | 39 | 93.1% |
| $400–500K | 34 | 16 | 32% | 62 | 94.4% |
| $500–750K | 76 | 31 | 29% | 82 | 95.6% |
| $750K–1M | 33 | 17 | 34% | 76 | 95.1% |
| $1M+ | 61 | 29 | 32% | 36 | 95.0% |
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 26, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000