Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27577 · Smithfield
October 19, 2026
(910) 395‑1000 · buddyblake.com
In 27577, 1 in 4 listings didn't sell, up from 15%
In the last 12 months, 133 homes in ZIP code 27577 (Smithfield area) ended their listings, and 32 of them didn't sell. That is 24%, or 1 in 4, up from 15% the year before. Homes that did sell took a median of 66 days and closed at 98.7% of the first asking price.
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 ZIP 27577 · Smithfield over the last 12 months, the solid houses sold. The outlined ones expired, were withdrawn or were canceled.
Priced right from day one: sold in a median 54 days. Needed price cuts: 86 days, and sold for 93.4% of the first price.
What waiting costs
| Property taxes | $149 |
| Homeowners insurance | $250 |
| Upkeep | $287 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $940 + mortgage |
About $940 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 135 days — roughly $4,156 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Johnston County rate 0.52 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
13%
15 of about 116 before closing
Those homes that later sold
87%
13% never sold
Sold vs. first ask after a fall-through
98.7%
vs. 98.7% on the first contract
Days to sell after a fall-through
139
vs. 61 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 8% · VA 13% · FHA 25%.
If you're selling
- Price it right from day one. The 69 homes priced right sold in a median of 54 days. The 32 that needed price cuts took 86 days and sold at 93.4% of asking.
- Under $300K is the toughest range here, and 35% of those listings didn't sell. The $300–400K range did best at 16%.
- Waiting costs money. For a home at $344,900, carrying costs are estimated at about $940 a month before the mortgage. About $4,156 is the estimate while a home sits unsold.
- Contracts fall apart on about 1 in 8 homes, or 13%. Most often it is inspection, appraisal or financing issues, in general industry experience. Get ahead of them before you list. Homes that lost a first contract took a median of 139 days to sell, against 61 days for those that held.
If you're buying
- There is room to negotiate. 60% of sold homes went for less than the first asking price, and the median sale came in at 98.7% of it.
- Look hard at homes that have sat. Listings that never sold had a median of 135 days on the market and a median price cut of 1.7%. Sellers in that spot may be more open to talking.
- You are not alone if you aren't paying cash. 8% of buyers paid cash, 44% went conventional, 25% used FHA and 13% used VA.
Did you know?
- The median sold price in 27577 over the last 12 months was $344,900.
- Of homes whose first contract fell apart, 87% later sold, and 13% never did.
- Homes that lost their first contract and later sold still closed at 98.7% of asking.
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For sellers
Listings that didn't sell
24%
up 8.7 pts from a year ago
32 expired, withdrawn or canceled vs 101 sold
Sold vs. first asking price
98.7%
down 1.0 pts from a year ago
median sale price ÷ original list price
Sold below first asking
60%
share of homes that sold
Price cut on homes that didn't sell
1.7%
median — and they still didn't sell
For buyers
True days on market
66
down 19 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.3%
how far under the original price homes sold
Didn't sell, then sold on a relist
16%
of listings that didn't sell the first time
Median sold price
$345K
about the same as a year ago
101 homes sold
The last 24 months
40% latest month · Sep 26
15 latest month · Sep 26
100.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 19 | 10 | 35% | 45 | 95.7% |
| $300–400K | 65 | 12 | 16% | 82 | 100.0% |
| $400–500K | 12 | 6 | 33% | 37 | 97.5% |
| $500–750K | 3 | 3 | 50% | 81 | 99.3% |
| $750K–1M | 2 | 1 | 33% | 260 | 96.1% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired, were withdrawn or were canceled (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 19, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000