Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Wallace
November 1, 2026
(910) 395‑1000 · buddyblake.com
1 in 3 Wallace listings didn't sell in the last 12 months
Wallace is seeing a lot of listings end without a sale. Of 162 listings that ended in the last 12 months, 56 didn't sell, a rate of 35%, compared with 36% the year before. Homes that did sell took a typical 64 days, at a median price of $370,750.
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 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 40 days. Needed price cuts: 88 days, and sold for 92.5% of the first price.
What waiting costs
| Property taxes | $179 |
| Homeowners insurance | $250 |
| Upkeep | $309 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $989 + mortgage |
About $989 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 172 days — roughly $5,586 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
19%
25 of about 131 before closing
Those homes that later sold
56%
44% never sold
Sold vs. first ask after a fall-through
89.9%
vs. 96.3% on the first contract
Days to sell after a fall-through
119
vs. 53 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 43% · cash 25% · VA 20% · FHA 10%.
If you're selling
- Price it right from day one. Homes that were priced right at the start sold in a median 40 days. Homes that needed price cuts took a median 88 days.
- The $500–750K range is the hard one here. Half of those listings didn't sell.
- Waiting costs money. Listings that never sold sat a median 172 days and took a median 1.4% price cut. Estimated carrying costs for a $370,750 home are about $989 a month before mortgage, or about $5,586 while it's unsold.
- Contracts do fall apart. About 1 in 5 did in the last 12 months. The MLS doesn't record why, but in general most often it's inspection, appraisal or financing issues, so get those lined up before you list.
If you're buying
- There's room to negotiate. 79% of homes sold below their first asking price, and the typical sale came in at 96.2% of first ask.
- Some homes sit. Listings that never sold were on the market a median 172 days, and the $500–750K range is where it's hardest to sell.
- Financing is mixed. In the last 12 months, 43% of buyers used conventional loans, 25% paid cash, 20% used VA and 10% used FHA.
Did you know?
- The $300–400K range has the lowest share of listings that didn't sell, at 17%.
- Homes that sold in Wallace took a median 64 days to go under contract and close.
- When a contract fell through, 56% of those homes later sold, and 44% never did.
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Thinking of selling in Wallace? What it takes and what it costs →
For sellers
Listings that didn't sell
35%
down 1.4 pts from a year ago
56 expired or canceled vs 106 sold
Sold vs. first asking price
96.2%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
79%
share of homes that sold
Price cut on homes that didn't sell
1.4%
median — and they still didn't sell
For buyers
True days on market
64
down 2 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.8%
how far under the original price homes sold
Didn't sell, then sold on a relist
23%
of listings that didn't sell the first time
Median sold price
$371K
up 3.3% from a year ago
106 homes sold
The last 24 months
33% latest month · Oct 26
89 latest month · Oct 26
95.4% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 25 | 10 | 29% | 30 | 98.0% |
| $300–400K | 35 | 7 | 17% | 86 | 95.4% |
| $400–500K | 20 | 7 | 26% | 29 | 95.5% |
| $500–750K | 23 | 23 | 50% | 114 | 94.4% |
| $750K–1M | 3 | 8 | 73% | 51 | 95.5% |
| $1M+ | 0 | 1 | 100% | — | — |
Neighborhoods in Wallace
| Neighborhood | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| River Landing | 50 | 39 | 44% | 111 | 94.0% |
Wallace housing market: quick answers
How long do homes take to sell in Wallace?
Homes that sold in Wallace over the last 12 months took a median of 64 days, counted from the day they were first listed (relists included). That's down 2 days from a year ago.
What do homes in Wallace sell for compared to the asking price?
The median home in Wallace sold for 96.2% of its first asking price in the last 12 months, and 79% 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 Wallace don't sell?
35% of homes listed in Wallace over the last 12 months expired or were canceled without selling — about 1 in 3 (56 didn't sell vs 106 sold). That's down 1.4 pts from a year ago. The homes that didn't sell had already cut their price a median 1.4%.
What is the median sold price in Wallace?
The median sold price in Wallace over the last 12 months was $370,750, across 106 homes sold. That's up 3.3% from a year ago.
What is my home worth in Wallace?
The median home in Wallace sold for $370,750 over the last 12 months (106 sales), up about 3.3% from $359,000 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 Wallace going down?
No — not at the median. Homes in Wallace sold for a median of $370,750 in the last 12 months, up about 3.3% from $359,000 the prior 12 months. More homes sold (106 vs 96), and the median time on the market went from 66 to 64 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these Wallace 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