Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Grayson Park, Leland
October 20, 2026
(910) 395‑1000 · buddyblake.com
Grayson Park: 22% of listings ended without a sale
In the Grayson Park neighborhood in Leland, 102 homes came off the market in the last 12 months. 80 sold and 22 didn't, which is 22%, or about 1 in 5. A year before, that number was 9%. Homes that sold took a typical 53 days at a median price of $374,999.
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 Grayson Park, Leland 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 The outlined ones expired, were withdrawn or were canceled.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 20 days. Needed price cuts: 115 days, and sold for 94.6% of the first price.
What waiting costs
| Property taxes | $107 |
| Homeowners insurance | $250 |
| Upkeep | $312 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $923 + mortgage |
About $923 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 113 days — roughly $3,415 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
17%
16 of about 94 before closing
Those homes that later sold
75%
25% never sold
Sold vs. first ask after a fall-through
95.8%
vs. 97.4% on the first contract
Days to sell after a fall-through
89
vs. 45 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 51% · cash 17% · VA 4% · FHA 26%.
If you're selling
- Price it right from day one. The 42 homes priced right sold in a typical 20 days. The 38 that needed price cuts took a typical 115 days and sold at a median 94.6% of asking.
- The $300–400K range struggled most, with 26% not selling. Even the best range, $400–500K, saw 17% not sell.
- Waiting costs money. On a home like one at $374,999, carrying costs before mortgage run an estimated $923 a month. That's about $3,415 while a home sits unsold. Listings that never sold sat a typical 113 days and cut price only 2.8%.
- 16% of contracts fell apart, about 1 in 6. The MLS doesn't record why, but in general experience it's most often inspection, appraisal or financing issues. Get the home ready and priced for an appraisal before you list. Of those that fell apart, 75% later sold, but they took a typical 89 days, versus 45 days for a first contract.
If you're buying
- You have room to negotiate. Homes typically sold at 97.1% of the first asking price, and 74% sold below it.
- Watch for homes that sit. Listings that never sold stayed up a typical 113 days. A long-sitting home may be open to a real offer.
- Here's how others paid: 51% conventional, 26% FHA, 17% cash and 4% VA. Cash is not the only way to win here.
Did you know?
- Did you know? In Grayson Park, 22% of listings didn't sell in the last 12 months, up from 9% the year before.
- Did you know? A home that sold after a first contract fell apart took a typical 89 days, against 45 days for those that held together. It sold at a median 95.8% of asking, versus 97.4%.
- Did you know? About 1 in 6 contracts here fell apart, and 25% of those homes never sold.
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For sellers
Listings that didn't sell
22%
up 13.2 pts from a year ago
22 expired, withdrawn or canceled vs 78 sold
Sold vs. first asking price
97.1%
down 1.8 pts from a year ago
median sale price ÷ original list price
Sold below first asking
74%
share of homes that sold
Price cut on homes that didn't sell
2.8%
median — and they still didn't sell
For buyers
True days on market
54
up 5 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.9%
how far under the original price homes sold
Didn't sell, then sold on a relist
18%
of listings that didn't sell the first time
Median sold price
$375K
up 3.2% from a year ago
78 homes sold
The last 24 months
25% latest month · Sep 26
27 latest month · Sep 26
96.8% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 21 | 7 | 25% | 54 | 96.7% |
| $300–400K | 24 | 9 | 27% | 57 | 96.5% |
| $400–500K | 30 | 6 | 17% | 29 | 97.7% |
| $500–750K | 3 | 0 | 0% | 302 | 99.6% |
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