Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28560 · New Bern
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28560, 1 in 5 homes listed didn't sell
In the last 12 months, 818 homes finished their time on the market in ZIP code 28560 (New Bern area): 639 sold and 179 did not — about 1 in 5. The ones that sold took a median of 39 days, counted from the first day listed, and closed at 98.0% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28560 · New Bern 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 The outlined ones expired, were withdrawn or were canceled.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 21 days. Needed price cuts: 76 days, and sold for 92.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,735 |
| Property taxes | $120 |
| Homeowners insurance | $250 |
| Upkeep | $271 |
| Utilities | $250 |
| About | $2,630 |
About $2,630 every month the home sits.
Listings that didn't sell stayed on the market a median of 138 days — roughly $11,900 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); Craven County rate 0.4448 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%
151 of about 791 before closing
Those homes that later sold
72%
27% never sold
Sold vs. first ask after a fall-through
94.6%
vs. 98.6% on the first contract
Days to sell after a fall-through
100
vs. 30 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 31% · cash 23% · VA 35% · FHA 9%.
If you're selling
- Homes priced right from day one sold in a median of 21 days. Homes that needed price cuts took 76 days and sold for 92.8% of their first price.
- Price range matters: 41% of homes starting at $500–750K didn't sell, compared with 17% at Under $300K.
- Waiting costs money. A $325,000 home runs about $2,630 a month to hold — roughly $11,900 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 94.6% of first asking, versus 98.6% for homes that closed on the first contract.
If you're buying
- 65% 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 138 days.
Did you know?
- 23% of buyers paid cash, and 35% used VA loans.
- A year earlier, 21% of listings didn't sell; now it's 22%.
- When a contract fell apart, 27% of those homes never sold at all.
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For sellers
Listings that didn't sell
22%
up 1.4 pts from a year ago
179 expired, withdrawn or canceled vs 639 sold
Sold vs. first asking price
98.0%
up 0.7 pts from a year ago
median sale price ÷ original list price
Sold below first asking
65%
share of homes that sold
Price cut on homes that didn't sell
1.9%
median — and they still didn't sell
For buyers
True days on market
39
about the same as a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
26%
of listings that didn't sell the first time
Median sold price
$325K
up 5.2% from a year ago
639 homes sold
The last 24 months
18% latest month · Aug 26
41 latest month · Aug 26
97.7% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 229 | 48 | 17% | 26 | 97.4% |
| $300–400K | 294 | 66 | 18% | 54 | 99.1% |
| $400–500K | 63 | 34 | 35% | 44 | 97.3% |
| $500–750K | 32 | 22 | 41% | 27 | 97.4% |
| $750K–1M | 12 | 4 | 25% | 178 | 92.5% |
| $1M+ | 9 | 5 | 36% | 101 | 93.1% |
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