Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Mount Olive
October 22, 2026
(910) 395‑1000 · buddyblake.com
1 in 8 Mount Olive listings didn't sell in the last year
Mount Olive had 60 listings end over the last 12 months, and 52 of them sold. The didn't-sell rate was 13%, down from 19% the year before. A typical home here sold in 40 days, and the median sold price was $199,950.
Summary written October 20, 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 Mount Olive 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 35 days. Needed price cuts: 45 days, and sold for 87.1% of the first price.
What waiting costs
| Property taxes | $104 |
| Homeowners insurance | $250 |
| Upkeep | $167 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $772 + mortgage |
About $772 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 110 days — roughly $2,792 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Wayne County rate 0.6259 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%
17 of about 69 before closing
Those homes that later sold
71%
29% never sold
Sold vs. first ask after a fall-through
84.6%
vs. 95.0% on the first contract
Days to sell after a fall-through
108
vs. 28 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 21% · cash 40% · VA 14% · FHA 17%.
If you're selling
- Price it right from day one. Homes priced right sold in a typical 35 days, while homes that needed cuts took a typical 45 days and sold at 87.1% of asking.
- Waiting costs money. Listings that never sold had a typical price cut of 3.4% and sat a typical 110 days.
- Expect contracts to fall apart sometimes. About 1 in 4 contracts fell apart here. Most often that's inspection, appraisal or financing issues, based on general industry experience.
- Prepare for inspection and appraisal before you list. Buyers' lenders and inspectors are the usual hurdles, so fix known problems early.
If you're buying
- There's room to negotiate. 89% of homes sold below their first asking price, and the typical sale came in at 94.1% of first ask.
- Homes that sit can be the opening. Listings that never sold sat a typical 110 days, which gives you leverage on those.
- Cash is common here. 40% of buyers paid cash, while 21% used conventional loans, 17% FHA and 14% VA.
Did you know?
- For a home at $199,950, estimated carrying costs before mortgage run about $772 a month.
- That same home, while unsold, carries an estimated $2,792 before mortgage.
- The didn't-sell rate fell from 19% to 13% in one year.
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Thinking of selling in Mount Olive? What it takes and what it costs →
For sellers
Listings that didn't sell
13%
down 5.8 pts from a year ago
8 expired or canceled vs 52 sold
Sold vs. first asking price
94.1%
down 1.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
89%
share of homes that sold
Price cut on homes that didn't sell
3.4%
median — and they still didn't sell
For buyers
True days on market
40
up 10 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.9%
how far under the original price homes sold
Didn't sell, then sold on a relist
38%
of listings that didn't sell the first time
Median sold price
$200K
down 7.8% from a year ago
52 homes sold
The last 24 months
22% latest month · Sep 26
53 latest month · Sep 26
93.8% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 41 | 2 | 5% | 35 | 94.3% |
| $300–400K | 10 | 3 | 23% | 85 | 94.1% |
| $400–500K | 1 | 2 | 67% | 35 | 93.4% |
| $500–750K | 0 | 1 | 100% | — | — |
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 22, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000