Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Driftwood, Richlands
October 21, 2026
(910) 395‑1000 · buddyblake.com
Driftwood: 45 of 46 homes sold, and pricing set the pace
In the Driftwood neighborhood in Richlands, 45 of 46 homes that came to market in the last 12 months sold. Only 1 in 45 didn't. The typical home sold in 40 days at 100.0% of first asking price, but homes that needed price cuts took 83 days.
Summary written October 15, 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 Driftwood, Richlands over the last 12 months, the solid houses sold. The outlined ones expired or were canceled.
Priced right from day one: sold in a median 36 days. Needed price cuts: 83 days, and sold for 93.3% of the first price.
What waiting costs
| Property taxes | $173 |
| Homeowners insurance | $250 |
| Upkeep | $264 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $934 + mortgage |
About $934 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 45 days — roughly $1,389 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: 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.
When contracts fall apart
Contracts that fell apart
26%
16 of about 61 before closing
Those homes that later sold
100%
0% never sold
Sold vs. first ask after a fall-through
100.0%
vs. 100.0% on the first contract
Days to sell after a fall-through
49
vs. 39 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 20% · cash 4% · VA 73% · FHA 2%.
If you're selling
- Price it right from day one. The 38 homes priced right sold in a typical 36 days. The 7 that needed cuts sat a typical 83 days.
- Cuts cost money as well as time. Those 7 homes sold at a typical 93.3% of asking.
- Waiting has a price tag. On a typical home at $316,990, carrying costs are estimated at about $934 a month before mortgage, and about $1,389 while unsold.
- Expect that a contract can fall apart. It happened 26% of the time, about 1 in 4. Most often that's inspection, appraisal or financing issues, in general industry experience. Get the home ready and priced well before you list.
If you're buying
- There is some room to negotiate. 42% of homes sold below first asking price.
- Homes that needed price cuts sat a typical 83 days. A long-sitting listing can mean a better deal.
- Most buyers here used VA financing at 73%. Conventional was 20%, cash 4% and FHA 2%.
Did you know?
- Did you know? In Driftwood, 26% of contracts fell apart, about 1 in 4. Every one of those homes later sold, at a typical 100.0% of asking.
- Did you know? A home that sold after a contract fell apart took a typical 49 days, against 39 days for homes that held their first contract.
- Did you know? The typical Driftwood home sold for $316,990 over the last 12 months.
Get the Driftwood, Richlands report every month
The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.
For sellers
Listings that didn't sell
2%
1 expired or canceled vs 45 sold
Sold vs. first asking price
100.0%
median sale price ÷ original list price
Sold below first asking
42%
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
40
median for sold homes, counted from the first listing
Typical room below first ask
0.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
0%
of listings that didn't sell the first time
Median sold price
$317K
45 homes sold
The last 9 months
0% latest month · Sep 26
49 latest month · Sep 26
100.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 10 | 0 | 0% | 37 | 100.0% |
| $300–400K | 35 | 1 | 3% | 40 | 100.0% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired or were canceled — withdrawn and on-hold listings are not counted (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 21, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000