Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Chocowinity
October 20, 2026
(910) 395‑1000 · buddyblake.com
Chocowinity: 1 in 3 homes that listed didn't sell
In Chocowinity over the last 12 months, 101 listings ended and 29 of them didn't sell. That's 29%, or 1 in 3, the same rate as the year before. The 72 that did sell took a typical 33 days at a median price of $400,000.
Summary written October 17, 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 Chocowinity 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 The outlined ones expired, were withdrawn or were canceled.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: 50 days, and sold for 93.4% of the first price.
What waiting costs
| Property taxes | $148 |
| Homeowners insurance | $250 |
| Upkeep | $333 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $984 + mortgage |
About $984 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 163 days — roughly $5,258 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Beaufort County rate 0.445 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
23%
22 of about 94 before closing
Those homes that later sold
68%
32% never sold
Sold vs. first ask after a fall-through
91.9%
vs. 95.9% on the first contract
Days to sell after a fall-through
103
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 39% · cash 39% · VA 4% · FHA 15%.
If you're selling
- Price it right from day one. The 26 homes priced right sold in a typical 14 days. The 46 that needed cuts took 50 days and sold at 93.4% of asking.
- Small cuts don't fix it. Listings that never sold had a median price cut of only 0.3% and sat a median 163 days.
- The $500–750K range struggled most, with 31% not selling. Under $300K did best, and still 25% didn't sell.
- About 1 in 4 contracts fell apart (23%). Most often inspection, appraisal or financing issues, in general industry experience. Get the home ready and any repairs sorted before you list.
If you're buying
- Room to negotiate is real. 82% of homes sold below the first asking price, and the typical sale came in at 95.5% of first ask.
- Homes that sit are the ones with leverage. Listings that never sold sat a median 163 days.
- You're not alone if you finance. 39% of buyers paid cash and 39% used conventional loans. 15% used FHA and 4% used VA.
Did you know?
- Did you know? When a contract fell apart in Chocowinity, 68% of those homes later sold, but 32% never did.
- Did you know? A home that sold after a contract fell apart took a typical 103 days and sold at 91.9% of asking. First-contract sales took 28 days and sold at 95.9%.
- Did you know? On a $400,000 home, carrying costs before mortgage are estimated at about $984 a month. That's about $5,258 while a home sits unsold.
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Thinking of selling in Chocowinity? What it takes and what it costs →
For sellers
Listings that didn't sell
29%
about the same as a year ago
29 expired, withdrawn or canceled vs 72 sold
Sold vs. first asking price
95.5%
down 0.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
82%
share of homes that sold
Price cut on homes that didn't sell
0.3%
median — and they still didn't sell
For buyers
True days on market
33
down 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.5%
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
$400K
down 13.0% from a year ago
72 homes sold
The last 24 months
20% latest month · Sep 26
13 latest month · Sep 26
95.3% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 27 | 9 | 25% | 36 | 93.6% |
| $300–400K | 6 | 1 | 14% | 26 | 94.7% |
| $400–500K | 8 | 4 | 33% | 43 | 94.5% |
| $500–750K | 24 | 11 | 31% | 31 | 96.3% |
| $750K–1M | 4 | 1 | 20% | 34 | 97.7% |
| $1M+ | 3 | 3 | 50% | 168 | 94.4% |
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