Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pasquotank County
October 24, 2026
(910) 395‑1000 · buddyblake.com
One in five Pasquotank County listings didn't sell in 12 months
Over the last 12 months, 780 listings in Pasquotank County ended. Of those, 628 sold and 152 didn't sell, meaning they expired, were withdrawn or were canceled. That didn't-sell rate is 20%, down from 25% the year before.
Summary written October 25, 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 Pasquotank County 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 15 days. Needed price cuts: 55 days, and sold for 92.8% of the first price.
What waiting costs
| Property taxes | $165 |
| Homeowners insurance | $250 |
| Upkeep | $266 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $927 + mortgage |
About $927 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 120 days — roughly $3,666 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Pasquotank County rate 0.62 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
19%
143 of about 771 before closing
Those homes that later sold
71%
26% never sold
Sold vs. first ask after a fall-through
97.7%
vs. 100.0% on the first contract
Days to sell after a fall-through
46
vs. 20 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 27% · cash 16% · VA 35% · FHA 19%.
If you're selling
- Price it right from day one. Priced-right listings typically sold in 15 days, and 421 of them did.
- Pricing above the market costs time. Listings that needed price cuts typically took 55 days and sold at a typical 92.8% of asking.
- The $500–750K range is the hardest. Homes there had a 30% didn't-sell rate, the highest of any range.
- When a contract falls apart, keep the home ready to go. After a fall-through, 71% later sold, but 26% never did. Most often, inspection, appraisal or financing issues cause these breakdowns, based on general industry experience.
If you're buying
- There's room to negotiate. Homes sold at a typical 99.3% of their first asking price, and 52% sold below that first ask.
- Homes that sit can give you leverage. Listings that never sold had been on the market a typical 120 days.
- Buyers are paying in different ways. Recent purchases were 35% VA, 27% conventional, 19% FHA and 16% cash.
Did you know?
- Homes in the $300–400K range had a 15% didn't-sell rate, the lowest of any range.
- A typical home in Pasquotank County sold for $319,000.
- For a typical $319,000 home, estimated monthly carrying costs before mortgage are about $927. While a home sits unsold, estimated carrying costs before mortgage run about $3,666.
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For sellers
Listings that didn't sell
20%
down 5.8 pts from a year ago
152 expired or canceled vs 628 sold
Sold vs. first asking price
99.3%
about the same as 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
24
about the same as a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.7%
how far under the original price homes sold
Didn't sell, then sold on a relist
25%
of listings that didn't sell the first time
Median sold price
$319K
up 4.6% from a year ago
628 homes sold
The last 24 months
8% latest month · Sep 26
17 latest month · Sep 26
100.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 264 | 50 | 16% | 21 | 98.5% |
| $300–400K | 214 | 39 | 15% | 26 | 100.0% |
| $400–500K | 89 | 38 | 30% | 33 | 100.0% |
| $500–750K | 53 | 23 | 30% | 16 | 100.0% |
| $750K–1M | 6 | 2 | 25% | 57 | 97.5% |
| $1M+ | 2 | 0 | 0% | 26 | 95.2% |
By town
| Town | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Elizabeth City | 625 | 151 | 20% | 24 | 99.4% |
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