Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Burgaw
October 20, 2026
(910) 395‑1000 · buddyblake.com
Burgaw: 1 in 4 listings ended without a sale
In Burgaw over the last 12 months, 187 homes came off the market and 51 of them didn't sell. That's 27%, or 1 in 4, up from 17% the year before. The 136 that did sell took a median of 43 days and went for a median of $333,439.
Summary written October 14, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in Burgaw 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 The outlined ones expired, were withdrawn or were canceled.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 15 days. Needed price cuts: 61 days, and sold for 92.4% of the first price.
What waiting costs
| Property taxes | $205 |
| Homeowners insurance | $250 |
| Upkeep | $278 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $983 + mortgage |
About $983 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 134 days — roughly $4,342 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Pender County rate 0.7375 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.
When contracts fall apart
Contracts that fell apart
24%
42 of about 179 before closing
Those homes that later sold
62%
38% never sold
Sold vs. first ask after a fall-through
94.3%
vs. 97.3% on the first contract
Days to sell after a fall-through
102
vs. 28 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 40% · cash 22% · VA 18% · FHA 18%.
If you're selling
- Price it right from day one. In Burgaw, 64 homes priced right sold in a median of 16 days. The 72 that needed price cuts took 65 days and sold at 92.3% of asking.
- Small cuts don't fix it. Listings that never sold cut a median of only 0.9% and sat a median of 134 days.
- The $500–750K range struggles most, with 31% not selling. The $300–400K range did best, though 22% still didn't sell.
- About 1 in 4 contracts fell apart (24%). Most often that's inspection, appraisal or financing issues, based on general industry experience. Get ahead of them with repairs, a pre-listing look at the house and a realistic price. A first contract typically sold at 97.3% of asking in 30 days. After one fell apart, homes sold at 94.2% and took 103 days.
If you're buying
- You have room to negotiate. 67% of homes sold below their first asking price, and the median sale came in at 96.7% of first ask.
- Homes that sit are the best leverage. Listings that never sold sat a median of 134 days. A home on the market a long time may be open to a lower offer.
- Buyers here pay in different ways: 42% conventional, 22% cash, 18% VA and 16% FHA. Financing other than cash is common in Burgaw.
Did you know?
- Did you know? In Burgaw, 'didn't sell' means the listing ended expired, withdrawn or canceled. It was 27% over the last 12 months, against 17% the year before.
- Did you know? When a Burgaw contract fell apart, 64% of those homes later sold and 33% never sold.
- Did you know? Homes priced right from the start sold in a median of 16 days in Burgaw. Homes that needed cuts took a median of 65 days.
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Thinking of selling in Burgaw? What it takes and what it costs →
For sellers
Listings that didn't sell
30%
up 13.8 pts from a year ago
59 expired, withdrawn or canceled vs 137 sold
Sold vs. first asking price
96.8%
down 0.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
67%
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
39
up 6 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
10%
of listings that didn't sell the first time
Median sold price
$333K
up 11.3% from a year ago
137 homes sold
The last 24 months
25% latest month · Sep 26
8 latest month · Sep 26
99.1% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 45 | 16 | 26% | 30 | 94.9% |
| $300–400K | 57 | 24 | 30% | 46 | 98.5% |
| $400–500K | 16 | 9 | 36% | 17 | 96.2% |
| $500–750K | 17 | 8 | 32% | 157 | 96.8% |
| $750K–1M | 1 | 1 | 50% | 344 | 94.4% |
| $1M+ | 1 | 1 | 50% | 152 | 80.1% |
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 October 20, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000