Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28570 · Newport
September 26, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28570, 1 in 4 homes listed didn't sell
In the last 12 months, 354 homes finished their time on the market in ZIP code 28570 (Newport area): 271 sold and 83 did not — about 1 in 4. The ones that sold took a median of 37 days, counted from the first day listed, and closed at 97.4% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28570 · Newport 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 The outlined ones expired, were withdrawn or were canceled.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 14 days. Needed price cuts: 80 days, and sold for 92.3% of the first price.
What waiting costs
| Mortgage (principal + interest) | $2,029 |
| Property taxes | $71 |
| Homeowners insurance | $250 |
| Upkeep | $317 |
| Utilities | $250 |
| About | $2,920 |
About $2,920 every month the home sits.
Listings that didn't sell stayed on the market a median of 155 days — roughly $14,900 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); 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
18%
61 of about 333 before closing
Those homes that later sold
61%
33% never sold
Sold vs. first ask after a fall-through
93.3%
vs. 97.8% on the first contract
Days to sell after a fall-through
104
vs. 29 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 38% · cash 26% · VA 21% · FHA 10%.
If you're selling
- Homes priced right from day one sold in a median of 14 days. Homes that needed price cuts took 80 days and sold for 92.3% of their first price.
- Price range matters: 43% of homes starting at $1M+ didn't sell, compared with 10% at Under $300K.
- Waiting costs money. A $380,000 home runs about $2,920 a month to hold — roughly $14,900 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 93.3% of first asking, versus 97.8% 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 155 days.
Did you know?
- 26% of buyers paid cash, and 21% used VA loans.
- A year earlier, 17% of listings didn't sell; now it's 23%.
- When a contract fell apart, 33% of those homes never sold at all.
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For sellers
Listings that didn't sell
23%
up 6.2 pts from a year ago
83 expired, withdrawn or canceled vs 271 sold
Sold vs. first asking price
97.4%
down 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
2.7%
median — and they still didn't sell
For buyers
True days on market
37
up 7 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
29%
of listings that didn't sell the first time
Median sold price
$380K
up 2.7% from a year ago
271 homes sold
The last 24 months
33% latest month · Aug 26
57 latest month · Aug 26
98.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 70 | 8 | 10% | 51 | 97.3% |
| $300–400K | 76 | 20 | 21% | 26 | 98.7% |
| $400–500K | 42 | 14 | 25% | 41 | 96.1% |
| $500–750K | 47 | 16 | 25% | 21 | 98.1% |
| $750K–1M | 20 | 13 | 39% | 70 | 95.7% |
| $1M+ | 16 | 12 | 43% | 66 | 95.5% |
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