Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Magnolia Greens, Leland
October 20, 2026
(910) 395‑1000 · buddyblake.com
Magnolia Greens: 1 in 5 listings didn't sell in the last 12 months
In the Magnolia Greens neighborhood in Leland, 60 homes came off the market in the last 12 months. 49 sold and 11 didn't, an 18% didn't-sell rate, up from 12% the year before. Homes that sold took a typical 24 days and went for a median 98.1% of the first asking price.
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 Magnolia Greens, 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 The outlined ones expired, were withdrawn or were canceled.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 15 days. Needed price cuts: 88 days, and sold for 94.3% of the first price.
What waiting costs
| Property taxes | $147 |
| Homeowners insurance | $250 |
| Upkeep | $429 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $1,077 + mortgage |
About $1,077 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 128 days — roughly $4,522 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
15%
9 of about 59 before closing
Those homes that later sold
78%
22% never sold
Sold vs. first ask after a fall-through
98.3%
vs. 98.1% on the first contract
Days to sell after a fall-through
61
vs. 19 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 64% · cash 30% · VA 4% · FHA 2%.
If you're selling
- Price it right from day one. The 33 homes priced right sold in a typical 17 days. The 16 that needed price cuts took 88 days and sold at 94.3% of asking.
- Small cuts made late don't fix it. Listings that never sold had a median price cut of just 2.2% and sat a median 128 days.
- Waiting costs real money. On a $515,000 home, carrying costs are estimated at about $1,077 a month before mortgage. That's about $4,522 estimated for a typical home that sits unsold.
- Be ready for contracts to wobble. About 15% of contracts fell apart, roughly 1 in 7. Most often the causes are inspection, appraisal or financing issues, so get ahead of those before you list. Of those homes, 78% later sold at 98.3% of asking, but it took a typical 61 days compared with 20 days for a first contract that held.
If you're buying
- There is room to negotiate. 71% of homes sold below the first asking price, and the median sold price was $515,000.
- Look closely at homes that have sat a while. The ones that needed cuts took a typical 88 days and sold at 94.3% of asking.
- Know how others are paying. 28% of buyers paid cash and 66% used conventional loans. VA was 4% and FHA was 2%.
Did you know?
- Did you know? In Magnolia Greens, the listings that never sold sat a median 128 days before coming off the market.
- Did you know? After a contract fell apart, 22% of those homes never sold at all.
- Did you know? Homes that sold after a contract fell apart took a typical 61 days. A first contract that held took 20 days.
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For sellers
Listings that didn't sell
18%
up 6.6 pts from a year ago
11 expired, withdrawn or canceled vs 50 sold
Sold vs. first asking price
98.1%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
70%
share of homes that sold
Price cut on homes that didn't sell
2.2%
median — and they still didn't sell
For buyers
True days on market
22
about the same as a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.9%
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
$508K
up 15.1% from a year ago
50 homes sold
The last 24 months
50% latest month · Sep 26
52 latest month · Sep 26
99.3% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 3 | 0 | 0% | 61 | 98.3% |
| $300–400K | 13 | 3 | 19% | 20 | 98.3% |
| $400–500K | 7 | 3 | 30% | 20 | 97.7% |
| $500–750K | 24 | 4 | 14% | 24 | 97.8% |
| $750K–1M | 2 | 1 | 33% | 73 | 98.0% |
| $1M+ | 1 | 0 | 0% | 7 | 100.0% |
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