Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pine Knoll Shores
October 24, 2026
(910) 395‑1000 · buddyblake.com
Pine Knoll Shores: 1 in 4 homes that listed didn't sell
In Pine Knoll Shores over the last 12 months, 97 listings ended and 22 of them didn't sell. That is 23%, or 1 in 4, up from 21% the year before. The 75 that did sell took a typical 52 days at a median price of $740,000.
Summary written October 17, 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 Pine Knoll Shores 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 9 days. Needed price cuts: 78 days, and sold for 92.4% of the first price.
What waiting costs
| Property taxes | $139 |
| Homeowners insurance | $250 |
| Upkeep | $617 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $1,251 + mortgage |
About $1,251 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 192 days — roughly $7,904 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Carteret County rate 0.225 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
14%
12 of about 85 before closing
Those homes that later sold
58%
42% never sold
Sold vs. first ask after a fall-through
88.3%
vs. 95.2% on the first contract
Days to sell after a fall-through
170
vs. 51 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 58% · cash 38% · VA 3% · FHA 0%.
If you're selling
- Price it right from day one. The 24 homes priced right sold in a typical 9 days. The 50 that needed price cuts took a typical 77 days and sold at 92.6% of asking.
- Small cuts late don't fix it. Listings that never sold cut a median of 4.5% and sat a median of 192 days.
- Waiting costs money. On a $740,000 home, carrying costs are estimated at about $1,251 a month before a mortgage payment. About $7,904 is the estimated cost of carrying a home that goes unsold.
- Contracts fall apart in 1 in 7 cases, or 14%. Most often it's inspection, appraisal or financing issues, in general industry experience. Get ahead of them with pre-listing repairs and a price the appraisal can support.
If you're buying
- There is room to negotiate. 84% of sold homes went for less than the first asking price, and the typical sale was 95.0% of asking.
- Homes that sit are worth a look. Listings that never sold stayed a median of 192 days, and homes that needed price cuts sold at 92.6% of asking.
- Cash is common here. 37% of buyers paid cash and 59% used conventional loans. VA was 3% and FHA was 0%.
Did you know?
- When a contract fell apart, 58% of those homes later sold and 42% never sold.
- A home that sold after a contract fell apart took a typical 170 days and sold at 88.3% of asking. Homes that held their first contract took a typical 44 days and sold at 95.2%.
- In Pine Knoll Shores, 23% of listings ended without a sale in the last 12 months, compared with 21% the year before.
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Thinking of selling in Pine Knoll Shores? What it takes and what it costs →
For sellers
Listings that didn't sell
23%
up 2.7 pts from a year ago
22 expired or canceled vs 73 sold
Sold vs. first asking price
94.8%
down 1.1 pts from a year ago
median sale price ÷ original list price
Sold below first asking
85%
share of homes that sold
Price cut on homes that didn't sell
4.5%
median — and they still didn't sell
For buyers
True days on market
55
up 25 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
32%
of listings that didn't sell the first time
Median sold price
$740K
up 3.5% from a year ago
73 homes sold
The last 24 months
10% latest month · Sep 26
44 latest month · Sep 26
95.2% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 3 | 1 | 25% | 13 | 96.5% |
| $400–500K | 10 | 4 | 29% | 141 | 94.4% |
| $500–750K | 20 | 3 | 13% | 73 | 94.7% |
| $750K–1M | 19 | 6 | 24% | 44 | 95.1% |
| $1M+ | 21 | 8 | 28% | 51 | 95.3% |
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