Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Grimesland
October 19, 2026
(910) 395‑1000 · buddyblake.com
Grimesland: 1 in 7 homes didn't sell, up from 10%
In Grimesland over the last 12 months, 171 homes ended their listings. 146 sold and 25 didn't, a 15% rate (1 in 7), up from 10% the year before. The median sold price was $389,975, and the typical home took 56 days to sell.
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 Grimesland 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 The outlined ones expired, were withdrawn or were canceled.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 34 days. Needed price cuts: 86 days, and sold for 92.2% of the first price.
What waiting costs
| Property taxes | $184 |
| Homeowners insurance | $250 |
| Upkeep | $325 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $1,010 + mortgage |
About $1,010 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 123 days — roughly $4,078 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Pitt County rate 0.5663 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
15%
25 of about 171 before closing
Those homes that later sold
68%
28% never sold
Sold vs. first ask after a fall-through
94.1%
vs. 99.9% on the first contract
Days to sell after a fall-through
125
vs. 53 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 52% · cash 21% · VA 6% · FHA 21%.
If you're selling
- Price it right from day one. The 93 homes priced right sold in a median of 34 days. The 53 that needed price cuts took 86 days and sold at 92.2% of asking.
- Small cuts made late don't fix it. Listings that never sold cut a median of 1.7% and sat a median of 123 days.
- The $400–500K range struggled most, with 15% not selling. The $300–400K range did best at 10%.
- Waiting costs money. For a typical home at $389,975, holding costs are estimated at about $1,010 a month before mortgage. While a home sits unsold, that is an estimated $4,078 before mortgage.
If you're buying
- There is room to talk. Homes sold at a median of 98.9% of the first asking price, and 54% sold below first ask.
- Homes that sit are your opening. Listings that never sold had a median of 123 days on market. Homes that went under contract and fell apart sold at 94.1% of asking, against 99.7% for first contracts.
- Cash isn't the only way in. Buyers paid cash 21% of the time. Conventional loans were 52%, FHA 20% and VA 5%.
Did you know?
- Did you know? In Grimesland, 15% of contracts fell apart, about 1 in 7.
- Did you know? Of homes whose first contract fell apart, 68% later sold and 28% never sold.
- Did you know? A home that sold after a contract fell apart took a median of 125 days, against 53 days for a first contract.
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Thinking of selling in Grimesland? What it takes and what it costs →
For sellers
Listings that didn't sell
15%
up 4.5 pts from a year ago
25 expired, withdrawn or canceled vs 146 sold
Sold vs. first asking price
98.9%
down 1.1 pts from a year ago
median sale price ÷ original list price
Sold below first asking
54%
share of homes that sold
Price cut on homes that didn't sell
1.7%
median — and they still didn't sell
For buyers
True days on market
56
up 5 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
24%
of listings that didn't sell the first time
Median sold price
$390K
down 2.0% from a year ago
146 homes sold
The last 24 months
29% latest month · Sep 26
18 latest month · Sep 26
99.5% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 35 | 5 | 13% | 8 | 98.2% |
| $300–400K | 36 | 4 | 10% | 161 | 97.7% |
| $400–500K | 44 | 8 | 15% | 73 | 100.0% |
| $500–750K | 24 | 4 | 14% | 48 | 99.9% |
| $750K–1M | 3 | 0 | 0% | 56 | 91.0% |
| $1M+ | 4 | 4 | 50% | 114 | 93.4% |
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 19, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000