Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28516 · Beaufort
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28516, 1 in 4 homes listed didn't sell
In the last 12 months, 390 homes finished their time on the market in ZIP code 28516 (Beaufort area): 286 sold and 104 did not — about 1 in 4. The ones that sold took a median of 61 days, counted from the first day listed, and closed at 96.3% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28516 · Beaufort 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 The outlined ones expired, were withdrawn or were canceled.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: 96 days, and sold for 91.1% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,488 |
| Property taxes | $87 |
| Homeowners insurance | $250 |
| Upkeep | $388 |
| Utilities | $250 |
| About | $3,460 |
About $3,460 every month the home sits.
Listings that didn't sell stayed on the market a median of 164 days — roughly $18,700 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
19%
67 of about 354 before closing
Those homes that later sold
66%
33% never sold
Sold vs. first ask after a fall-through
89.1%
vs. 96.7% on the first contract
Days to sell after a fall-through
135
vs. 50 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 38% · VA 5% · FHA 5%.
If you're selling
- Homes priced right from day one sold in a median of 19 days. Homes that needed price cuts took 96 days and sold for 91.1% of their first price.
- Price range matters: 36% of homes starting at $750K–1M didn't sell, compared with 23% at $400–500K.
- Waiting costs money. A $466,000 home runs about $3,460 a month to hold — roughly $18,700 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 89.1% of first asking, versus 96.7% for homes that closed on the first contract.
If you're buying
- 75% 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 164 days.
Did you know?
- 38% of buyers paid cash, and 5% used VA loans.
- A year earlier, 25% of listings didn't sell; now it's 27%.
- When a contract fell apart, 33% of those homes never sold at all.
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For sellers
Listings that didn't sell
27%
up 1.8 pts from a year ago
104 expired, withdrawn or canceled vs 286 sold
Sold vs. first asking price
96.3%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
75%
share of homes that sold
Price cut on homes that didn't sell
1.8%
median — and they still didn't sell
For buyers
True days on market
61
up 8 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.7%
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
$466K
down 7.4% from a year ago
286 homes sold
The last 24 months
26% latest month · Aug 26
77 latest month · Aug 26
96.4% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 41 | 15 | 27% | 35 | 93.9% |
| $300–400K | 61 | 20 | 25% | 49 | 95.0% |
| $400–500K | 51 | 15 | 23% | 55 | 98.0% |
| $500–750K | 82 | 26 | 24% | 69 | 96.8% |
| $750K–1M | 28 | 16 | 36% | 99 | 96.1% |
| $1M+ | 23 | 12 | 34% | 84 | 93.4% |
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