Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: River Landing, Wallace
October 22, 2026
(910) 395‑1000 · buddyblake.com
River Landing: 1 in 2 listings didn't sell this year
Over the last 12 months in River Landing in Wallace, 37 of 85 listings ended without a sale. The didn't-sell rate was 44%, down from 47% the year before. Sellers who did sell typically waited 111 days, so how you price at the start matters.
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 River Landing, Wallace 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 41 days. Needed price cuts: 125 days, and sold for 92.5% of the first price.
What waiting costs
| Property taxes | $212 |
| Homeowners insurance | $250 |
| Upkeep | $365 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $1,076 + mortgage |
About $1,076 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 201 days — roughly $7,102 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Duplin County rate 0.58 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
24%
15 of about 63 before closing
Those homes that later sold
53%
47% never sold
Sold vs. first ask after a fall-through
87.7%
vs. 94.4% on the first contract
Days to sell after a fall-through
283
vs. 97 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 54% · cash 35% · VA 6% · FHA 0%.
If you're selling
- Price it right on day one. Homes priced right sold in a median 41 days. Homes that needed cuts took a median 125 days.
- Listings that never sold were cut a median 1.1% and sat a median 201 days.
- Waiting costs money. Estimated carrying costs for a typical home run about $7,102 before mortgage while it sits unsold.
- Contracts fell apart 24% of the time, about 1 in 4. In general industry experience, that's most often inspection, appraisal or financing issues. Get a pre-inspection and check financing early.
If you're buying
- 92% of homes sold below their first asking price. The median sale was 94.3% of first ask, so there's room to negotiate.
- Homes that sit are the ones at risk of not selling. Listings that never sold sat a median 201 days, compared with 111 days typical for a sale.
- Most buyers are using conventional loans (54%) or paying cash (35%). VA is 6% and FHA is 0%.
Did you know?
- The median sold price in River Landing was $437,675.
- 92% of sales closed below the first asking price.
- Of contracts that fell apart, 53% later sold. 47% never did.
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For sellers
Listings that didn't sell
44%
down 3.6 pts from a year ago
37 expired or canceled vs 48 sold
Sold vs. first asking price
94.3%
down 2.2 pts from a year ago
median sale price ÷ original list price
Sold below first asking
92%
share of homes that sold
Price cut on homes that didn't sell
1.1%
median — and they still didn't sell
For buyers
True days on market
111
down 49 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.7%
how far under the original price homes sold
Didn't sell, then sold on a relist
27%
of listings that didn't sell the first time
Median sold price
$438K
about the same as a year ago
48 homes sold
The last 24 months
50% latest month · Sep 26
61 latest month · Sep 26
94.4% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| $300–400K | 13 | 4 | 24% | 129 | 92.5% |
| $400–500K | 12 | 3 | 20% | 58 | 95.6% |
| $500–750K | 20 | 22 | 52% | 119 | 94.1% |
| $750K–1M | 3 | 7 | 70% | 51 | 95.5% |
| $1M+ | 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