Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pikeville
November 1, 2026
(910) 395‑1000 · buddyblake.com
Pikeville: 1 in 4 listings ended without selling this year
Over the last 12 months in Pikeville, 1 in 4 listings ended without selling. That's 26% of 276 listings, up from 20% the year before. Homes that did sell took a typical 66 days, and 58% sold below their first asking price.
Summary written November 4, 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 Pikeville 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 34 days. Needed price cuts: 98 days, and sold for 92.5% of the first price.
What waiting costs
| Property taxes | $159 |
| Homeowners insurance | $250 |
| Upkeep | $254 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $918 + mortgage |
About $918 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 134 days — roughly $4,056 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
16%
38 of about 242 before closing
Those homes that later sold
66%
34% never sold
Sold vs. first ask after a fall-through
98.5%
vs. 99.1% on the first contract
Days to sell after a fall-through
117
vs. 57 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 29% · cash 9% · VA 40% · FHA 19%.
If you're selling
- Price it right from day one. Homes priced right at the start sold in a typical 34 days.
- The $300–400K range had the highest share that didn't sell, at 29%.
- Waiting costs you. Listings that never sold had a typical price cut of 2.9% and sat a typical 134 days.
- Contracts fell apart 16% of the time, about 1 in 6. Most often that's inspection, appraisal or financing issues, so deal with those early.
If you're buying
- Room to negotiate: 58% of homes sold below their first asking price.
- Homes that sit: listings that never sold sat a typical 134 days. Under $300K had the lowest share not sell, at 23%.
- How others are paying: VA 40%, conventional 29%, FHA 19%, cash 9%.
Did you know?
- For a typical home at $304,900, estimated carrying costs run about $918 a month before mortgage.
- While a typical home sat unsold, estimated carrying costs came to about $4,056 before mortgage.
- Listings that needed price cuts sold at a typical 92.5% of asking, after a typical 98 days.
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Thinking of selling in Pikeville? What it takes and what it costs →
For sellers
Listings that didn't sell
26%
up 6.3 pts from a year ago
72 expired or canceled vs 204 sold
Sold vs. first asking price
99.0%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
58%
share of homes that sold
Price cut on homes that didn't sell
2.9%
median — and they still didn't sell
For buyers
True days on market
66
up 6 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.0%
how far under the original price homes sold
Didn't sell, then sold on a relist
28%
of listings that didn't sell the first time
Median sold price
$305K
up 1.7% from a year ago
204 homes sold
The last 24 months
27% latest month · Oct 26
34 latest month · Oct 26
100.0% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 90 | 27 | 23% | 46 | 99.6% |
| $300–400K | 101 | 41 | 29% | 99 | 98.7% |
| $400–500K | 12 | 4 | 25% | 30 | 97.7% |
| $500–750K | 1 | 0 | 0% | 29 | 100.0% |
Pikeville housing market: quick answers
How long do homes take to sell in Pikeville?
Homes that sold in Pikeville over the last 12 months took a median of 66 days, counted from the day they were first listed (relists included). That's up 6 days from a year ago.
What do homes in Pikeville sell for compared to the asking price?
The median home in Pikeville sold for 99.0% of its first asking price in the last 12 months, and 58% of the homes that sold went for less than the original price. That's about the same as a year ago.
What percentage of homes listed in Pikeville don't sell?
26% of homes listed in Pikeville over the last 12 months expired or were canceled without selling — about 1 in 4 (72 didn't sell vs 204 sold). That's up 6.3 pts from a year ago. The homes that didn't sell had already cut their price a median 2.9%.
What is the median sold price in Pikeville?
The median sold price in Pikeville over the last 12 months was $304,900, across 204 homes sold. That's up 1.7% from a year ago.
What is my home worth in Pikeville?
The median home in Pikeville sold for $304,900 over the last 12 months (204 sales), up about 1.7% from $299,900 the prior 12 months. Your property's value depends on its size, condition, lot and street, and online estimates often disagree by a wide margin. Enter your address under "What's my home worth?" on the homepage to see what's for sale, under contract and sold around you, or call for a price built from the homes that actually compete with yours.
Are home prices in Pikeville going down?
No — not at the median. Homes in Pikeville sold for a median of $304,900 in the last 12 months, up about 1.7% from $299,900 the prior 12 months. Fewer homes sold (204 vs 211), and the median time on the market went from 60 to 66 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these Pikeville housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated November 1, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
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 November 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000