Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28551 · La Grange
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28551, 1 in 5 homes listed didn't sell
In the last 12 months, 229 homes finished their time on the market in ZIP code 28551 (La Grange area): 187 sold and 42 did not — about 1 in 5. The ones that sold took a median of 102 days, counted from the first day listed, and closed at 98.7% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28551 · La Grange 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 The outlined ones expired, were withdrawn or were canceled.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 66 days. Needed price cuts: 130 days, and sold for 93.9% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,602 |
| Property taxes | $169 |
| Homeowners insurance | $250 |
| Upkeep | $250 |
| Utilities | $250 |
| About | $2,520 |
About $2,520 every month the home sits.
Listings that didn't sell stayed on the market a median of 161 days — roughly $13,300 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); Lenoir County rate 0.675 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
17%
38 of about 225 before closing
Those homes that later sold
74%
26% never sold
Sold vs. first ask after a fall-through
96.8%
vs. 99.3% on the first contract
Days to sell after a fall-through
120
vs. 98 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 17% · cash 12% · VA 43% · FHA 26%.
If you're selling
- Homes priced right from day one sold in a median of 66 days. Homes that needed price cuts took 130 days and sold for 93.9% of their first price.
- Price range matters: 25% of homes starting at Under $300K didn't sell, compared with 14% at $300–400K.
- Waiting costs money. A $299,995 home runs about $2,520 a month to hold — roughly $13,300 over the time a typical unsold listing sat.
- About 1 in 6 contracts fell apart before closing. Homes that went back on the market sold for 96.8% of first asking, versus 99.3% for homes that closed on the first contract.
If you're buying
- 56% 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?
- 12% of buyers paid cash, and 43% used VA loans.
- A year earlier, 17% of listings didn't sell; now it's 18%.
- When a contract fell apart, 26% of those homes never sold at all.
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For sellers
Listings that didn't sell
18%
up 1.0 pts from a year ago
42 expired, withdrawn or canceled vs 187 sold
Sold vs. first asking price
98.7%
down 1.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
56%
share of homes that sold
Price cut on homes that didn't sell
0.5%
median — and they still didn't sell
For buyers
True days on market
102
up 70 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.3%
how far under the original price homes sold
Didn't sell, then sold on a relist
41%
of listings that didn't sell the first time
Median sold price
$300K
up 1.7% from a year ago
187 homes sold
The last 24 months
11% latest month · Aug 26
119 latest month · Aug 26
95.7% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 75 | 25 | 25% | 62 | 98.0% |
| $300–400K | 92 | 15 | 14% | 110 | 98.9% |
| $400–500K | 18 | 1 | 5% | 174 | 100.0% |
| $500–750K | 2 | 1 | 33% | 96 | 94.0% |
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