Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28562 · New Bern
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28562, 1 in 7 homes listed didn't sell
In the last 12 months, 1,001 homes finished their time on the market in ZIP code 28562 (New Bern area): 852 sold and 149 did not — about 1 in 7. The ones that sold took a median of 40 days, counted from the first day listed, and closed at 98.6% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28562 · 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 The outlined ones expired, were withdrawn or were canceled.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 22 days. Needed price cuts: 83 days, and sold for 92.9% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,840 |
| Property taxes | $128 |
| Homeowners insurance | $250 |
| Upkeep | $287 |
| Utilities | $250 |
| About | $2,750 |
About $2,750 every month the home sits.
Listings that didn't sell stayed on the market a median of 104 days — roughly $9,400 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
17%
175 of about 1,033 before closing
Those homes that later sold
77%
19% never sold
Sold vs. first ask after a fall-through
95.8%
vs. 98.9% on the first contract
Days to sell after a fall-through
93
vs. 34 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 33% · cash 22% · VA 36% · FHA 8%.
If you're selling
- Homes priced right from day one sold in a median of 22 days. Homes that needed price cuts took 83 days and sold for 92.9% of their first price.
- Price range matters: 30% of homes starting at $750K–1M didn't sell, compared with 11% at $300–400K.
- Waiting costs money. A $344,602 home runs about $2,750 a month to hold — roughly $9,400 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 95.8% of first asking, versus 98.9% for homes that closed on the first contract.
If you're buying
- 60% 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 104 days.
Did you know?
- 22% of buyers paid cash, and 36% used VA loans.
- A year earlier, 11% of listings didn't sell; now it's 15%.
- When a contract fell apart, 19% of those homes never sold at all.
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For sellers
Listings that didn't sell
15%
up 3.5 pts from a year ago
149 expired, withdrawn or canceled vs 852 sold
Sold vs. first asking price
98.6%
down 0.5 pts from a year ago
median sale price ÷ original list price
Sold below first asking
60%
share of homes that sold
Price cut on homes that didn't sell
1.2%
median — and they still didn't sell
For buyers
True days on market
40
up 14 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.4%
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
$345K
up 1.1% from a year ago
852 homes sold
The last 24 months
17% latest month · Aug 26
43 latest month · Aug 26
97.9% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 245 | 34 | 12% | 24 | 98.0% |
| $300–400K | 337 | 41 | 11% | 44 | 100.0% |
| $400–500K | 147 | 29 | 17% | 44 | 98.5% |
| $500–750K | 92 | 30 | 25% | 50 | 96.5% |
| $750K–1M | 23 | 10 | 30% | 67 | 96.8% |
| $1M+ | 8 | 5 | 39% | 35 | 91.1% |
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