Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Echo Farms, Wilmington
October 24, 2026
(910) 395‑1000 · buddyblake.com
One in four Echo Farms listings didn't sell this past year
In Echo Farms, 25% of listings that ended in the last 12 months didn't sell, up from 16% the year before. Of 48 listings that ended, 36 sold, with a typical time to sell of 24 days and a median sold price of $492,000. Pricing right from day one is the clearest lever a seller has here.
Summary written November 1, 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 Echo Farms, Wilmington 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 7 days. Needed price cuts: 78 days, and sold for 90.3% of the first price.
What waiting costs
| Property taxes | $125 |
| Homeowners insurance | $250 |
| Upkeep | $410 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $1,038 + mortgage |
About $1,038 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 123 days — roughly $4,185 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: New Hanover County rate 0.306 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
25%
12 of about 48 before closing
Those homes that later sold
58%
42% never sold
Sold vs. first ask after a fall-through
90.2%
vs. 98.2% on the first contract
Days to sell after a fall-through
72
vs. 17 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 75% · cash 8% · VA 6% · FHA 11%.
If you're selling
- Price it right from day one. Listings priced right sold in a median 7 days.
- Waiting has a cost. Listings that needed price cuts took a median 78 days to sell, at a median 90.3% of first ask.
- Contracts fell apart in 25% of cases, about 1 in 4. Most often that's inspection, appraisal or financing issues, based on general industry experience. Get the house ready for inspection before you list.
If you're buying
- There's room to negotiate. 64% of sales closed below first ask, and the median sale came in at 97.3% of first ask.
- Some homes sit. Listings that never sold had a median 123 days on market and a median price cut of 1.1%.
- Most buyers finance conventionally, 75%. FHA is 11%, VA is 6%, and cash is 8%.
Did you know?
- 48 listings ended in the last 12 months. 36 sold and 12 didn't. Ended means expired, withdrawn or canceled.
- The didn't-sell rate was 16% the year before, so it rose to 25% this year.
- For a typical home at $492,000, carrying costs are estimated at about $1,038 a month before mortgage.
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For sellers
Listings that didn't sell
25%
up 9.2 pts from a year ago
12 expired or canceled vs 36 sold
Sold vs. first asking price
97.3%
down 0.5 pts from a year ago
median sale price ÷ original list price
Sold below first asking
64%
share of homes that sold
Price cut on homes that didn't sell
1.1%
median — and they still didn't sell
For buyers
True days on market
24
up 7 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.7%
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
$492K
down 3.1% from a year ago
36 homes sold
The last 21 months
40% latest month · Sep 26
4 latest month · Sep 26
101.2% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 4 | 3 | 43% | 82 | 95.9% |
| $300–400K | 6 | 2 | 25% | 60 | 96.1% |
| $400–500K | 9 | 0 | 0% | 5 | 100.0% |
| $500–750K | 17 | 6 | 26% | 23 | 96.9% |
| $750K–1M | 0 | 1 | 100% | — | — |
Echo Farms, Wilmington housing market: quick answers
How long do homes take to sell in Echo Farms, Wilmington?
Homes that sold in Echo Farms, Wilmington over the last 12 months took a median of 24 days, counted from the day they were first listed (relists included). That's up 7 days from a year ago.
What do homes in Echo Farms, Wilmington sell for compared to the asking price?
The median home in Echo Farms, Wilmington sold for 97.3% of its first asking price in the last 12 months, and 64% of the homes that sold went for less than the original price. That's down 0.5 pts from a year ago.
What percentage of homes listed in Echo Farms, Wilmington don't sell?
25% of homes listed in Echo Farms, Wilmington over the last 12 months expired or were canceled without selling — about 1 in 4 (12 didn't sell vs 36 sold). That's up 9.2 pts from a year ago. The homes that didn't sell had already cut their price a median 1.1%.
What is the median sold price in Echo Farms, Wilmington?
The median sold price in Echo Farms, Wilmington over the last 12 months was $492,000, across 36 homes sold. That's down 3.1% from a year ago.
Where do these Echo Farms, Wilmington housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated October 24, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
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 24, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000