Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28574 · Richlands
September 23, 2026
(910) 395‑1000 · buddyblake.ai
In ZIP 28574, 1 in 11 homes listed didn't sell
In the last 12 months, 532 homes finished their time on the market in ZIP code 28574 (Richlands area): 483 sold and 49 did not — about 1 in 11. The ones that sold took a median of 31 days, counted from the first day listed, and closed at 99.6% of their first asking price.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28574 · Richlands 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 The outlined ones expired, were withdrawn or were canceled.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 18 days. Needed price cuts: 76 days, and sold for 94.4% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,536 |
| Property taxes | $158 |
| Homeowners insurance | $250 |
| Upkeep | $242 |
| Utilities | $250 |
| About | $2,440 |
About $2,440 every month the home sits.
Listings that didn't sell stayed on the market a median of 88 days — roughly $7,100 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 6.95% (Freddie Mac average, 2026-09-17); Onslow County rate 0.655 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
15%
84 of about 571 before closing
Those homes that later sold
88%
10% never sold
Sold vs. first ask after a fall-through
98.2%
vs. 100.0% on the first contract
Days to sell after a fall-through
76
vs. 24 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 9% · cash 7% · VA 72% · FHA 9%.
If you're selling
- Homes priced right from day one sold in a median of 18 days. Homes that needed price cuts took 76 days and sold for 94.4% of their first price.
- Waiting costs money. A $290,000 home runs about $2,440 a month to hold — roughly $7,100 over the time a typical unsold listing sat.
- About 1 in 7 contracts fell apart before closing. Homes that went back on the market sold for 98.2% of first asking, versus 100.0% for homes that closed on the first contract.
If you're buying
- 51% 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 88 days.
Did you know?
- 7% of buyers paid cash, and 72% used VA loans.
- A year earlier, 10% of listings didn't sell; now it's 9%.
- When a contract fell apart, 10% of those homes never sold at all.
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For sellers
Listings that didn't sell
9%
down 0.3 pts from a year ago
49 expired, withdrawn or canceled vs 483 sold
Sold vs. first asking price
99.6%
down 0.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
51%
share of homes that sold
Price cut on homes that didn't sell
0.0%
median — and they still didn't sell
For buyers
True days on market
31
up 7 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
33%
of listings that didn't sell the first time
Median sold price
$290K
up 3.6% from a year ago
483 homes sold
The last 24 months
10% latest month · Aug 26
25 latest month · Aug 26
99.9% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 264 | 27 | 9% | 20 | 100.0% |
| $300–400K | 206 | 17 | 8% | 45 | 98.7% |
| $400–500K | 7 | 2 | 22% | 235 | 96.7% |
| $500–750K | 2 | 1 | 33% | 135 | 98.8% |
| $750K–1M | 2 | 1 | 33% | 62 | 89.3% |
| $1M+ | 2 | 1 | 33% | 9 | 55.0% |
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 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000