Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Pinewood, Leland
October 24, 2026
(910) 395‑1000 · buddyblake.com
Pinewood in Leland: 90% of homes sold below first ask
In Pinewood, 90% of homes sold below the first asking price over the last 12 months. Of 43 listings that ended, 41 sold, and the median sold price was $380,625. A typical home took 98 days to sell.
Summary written October 21, 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 Pinewood, Leland 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 49 days. Needed price cuts: 101 days, and sold for 92.9% of the first price.
What waiting costs
| Property taxes | $108 |
| Homeowners insurance | $250 |
| Upkeep | $317 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $922 + mortgage |
About $922 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 101 days — roughly $3,043 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
5%
2 of about 43 before closing
Those homes that later sold
50%
50% never sold
Sold vs. first ask after a fall-through
92.8%
vs. 94.4% on the first contract
Days to sell after a fall-through
97
vs. 99 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 44% · cash 42% · VA 7% · FHA 7%.
If you're selling
- Price it right from day one. Homes priced right at the start sold in a median 49 days. Homes that needed cuts took a median 101 days and sold at a median 92.9% of first ask.
- Waiting costs money. Estimated carrying costs before mortgage for a typical home run about $922 a month, and about $3,043 while it sits unsold.
- Contracts fall apart about 1 in 15 times, at a 7% rate. Inspection, appraisal or financing issues are most often the cause, based on general industry experience.
- If a contract falls apart, the home can still sell. 67% of those homes later sold, at a median 93.2% of first ask.
If you're buying
- There is room to negotiate. 90% of homes sold below the first ask, and the median sale was 94.4% of first ask.
- Homes that never sold sat a median 101 days, so patience can pay off when a listing has been on the market a while.
- Buyers are paying a mix of ways: 43% cash, 43% conventional, 7% VA and 7% FHA.
Did you know?
- Only 2 of the 43 listings that ended in Pinewood did not sell.
- Listings that never sold had a median price cut of 3.7% before they ended.
- The typical home in Pinewood sold for a median $380,625.
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For sellers
Listings that didn't sell
5%
about the same as a year ago
2 expired or canceled vs 41 sold
Sold vs. first asking price
94.4%
down 3.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
90%
share of homes that sold
Price cut on homes that didn't sell
3.7%
median — and they still didn't sell
For buyers
True days on market
98
up 36 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
0%
of listings that didn't sell the first time
Median sold price
$381K
down 0.7% from a year ago
41 homes sold
The last 21 months
0% latest month · Sep 26
34 latest month · Sep 26
94.7% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 14 | 2 | 13% | 102 | 92.9% |
| $400–500K | 27 | 0 | 0% | 98 | 94.5% |
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