Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Cedar Hill Landing, Navassa
October 20, 2026
(910) 395‑1000 · buddyblake.com
Cedar Hill Landing: priced right sells in 26 days, price cuts take 78
In the Cedar Hill Landing neighborhood in Navassa, 44 homes that were priced right from the start sold in a median of 26 days. The 13 that needed price cuts took a median of 78 days and sold at 94.0% of asking. Over the last 12 months, 57 of 58 homes sold, and the median sold price was $367,490.
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 Cedar Hill Landing, Navassa 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 The outlined ones expired, were withdrawn or were canceled.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 26 days. Needed price cuts: 78 days, and sold for 94.0% of the first price.
What waiting costs
| Property taxes | $105 |
| Homeowners insurance | $250 |
| Upkeep | $306 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $914 + mortgage |
About $914 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 124 days — roughly $3,718 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Brunswick County rate 0.342 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
19%
13 of about 70 before closing
Those homes that later sold
100%
0% never sold
Sold vs. first ask after a fall-through
97.7%
vs. 99.6% on the first contract
Days to sell after a fall-through
62
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 46% · cash 4% · VA 9% · FHA 42%.
If you're selling
- Price it right on day one. Homes priced right sold in a median of 26 days. Homes that needed cuts took 78 days and sold at 94.0% of asking.
- Waiting costs money. For a typical home at $367,490, carrying costs are about $914 a month before the mortgage (an estimate). That adds up to about $3,718 while a home sits unsold, also estimated.
- Don't count on the first contract holding. 19% of contracts fell apart, about 1 in 5. The MLS doesn't record why, but in general industry experience it's most often inspection, appraisal or financing issues. Get the home ready and fix the obvious things before you list.
- The good news is that homes that lost a contract still sold, 100% of them, at a median 97.7% of asking. They took a median of 62 days, against 28 days for homes that held their first contract.
If you're buying
- There's some room to negotiate. 61% of homes sold below their first asking price, though the median sale came in at 99.0% of first ask.
- Homes that needed price cuts sat a median of 78 days and sold at 94.0% of asking. If a listing has been sitting, that's where there is more room.
- Buyers here pay in different ways: 46% conventional, 42% FHA, 9% VA and 4% cash.
Did you know?
- Did you know? The one home that didn't sell in Cedar Hill Landing over the last 12 months works out to 1 in 59, or 2%. The year before it was 0%.
- Did you know? The typical home that sold here took 39 days to sell.
- Did you know? Listings that never sold sat a median of 124 days before they ended.
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For sellers
Listings that didn't sell
2%
up 1.7 pts from a year ago
1 expired, withdrawn or canceled vs 57 sold
Sold vs. first asking price
99.0%
down 1.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
61%
share of homes that sold
Price cut on homes that didn't sell
-0.6%
median — and they still didn't sell
For buyers
True days on market
39
up 17 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
100%
of listings that didn't sell the first time
Median sold price
$367K
up 1.2% from a year ago
57 homes sold
The last 16 months
0% latest month · Sep 26
51 latest month · Sep 26
98.8% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 40 | 1 | 2% | 54 | 98.5% |
| $400–500K | 17 | 0 | 0% | 26 | 99.5% |
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 October 20, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000