Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Madeline Farm, New Bern
October 24, 2026
(910) 395‑1000 · buddyblake.com
One in 14 Madeline Farm listings didn't sell in the last year
In the last 12 months, 71 listings in the Madeline Farm neighborhood of New Bern ended, and 66 of them sold. The 5 that didn't sell works out to a 7% rate, up from 3% the year before.
Summary written October 26, 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 Madeline Farm, New Bern 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 46 days. Needed price cuts: 73 days, and sold for 95.4% of the first price.
What waiting costs
| Property taxes | $125 |
| Homeowners insurance | $250 |
| Upkeep | $281 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $908 + mortgage |
About $908 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 16 days — roughly $493 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Craven County rate 0.4448 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
8%
6 of about 72 before closing
Those homes that later sold
83%
17% never sold
Sold vs. first ask after a fall-through
97.6%
vs. 100.0% on the first contract
Days to sell after a fall-through
144
vs. 44 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 11% · cash 3% · VA 77% · FHA 6%.
If you're selling
- Price it right from day one. Homes priced right sold in a median 46 days.
- Homes that needed price cuts took a median 73 days and sold at 95.4% of asking.
- About 8% of contracts fell apart, roughly 1 in 12. Inspection, appraisal or financing issues are the most common reasons, based on general industry experience.
- Contracts that fell apart and later sold took a median 144 days. 17% never sold after that.
If you're buying
- 52% of homes sold below their first asking price, so there's room to negotiate.
- Listings that never sold sat a median 16 days.
- Most buyers used VA loans (77%). Conventional was 11%, FHA 6%, and cash 3%.
Did you know?
- The median sold price in Madeline Farm was $336,970.
- Homes sold at a median 100.0% of their first asking price.
- For a typical home at $336,970, estimated carrying costs are about $908 a month before mortgage.
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For sellers
Listings that didn't sell
7%
up 4.5 pts from a year ago
5 expired or canceled vs 66 sold
Sold vs. first asking price
100.0%
down 0.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
52%
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
46
down 20 days from a year ago
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
40%
of listings that didn't sell the first time
Median sold price
$337K
up 2.4% from a year ago
66 homes sold
The last 24 months
0% latest month · Sep 26
46 latest month · Sep 26
95.4% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 66 | 5 | 7% | 46 | 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 24, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000