Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27803 · Rocky Mount
October 23, 2026
(910) 395‑1000 · buddyblake.com
In 27803, 1 in 3 homes didn't sell, up from 18%
In ZIP code 27803 (Rocky Mount area), 257 homes ended their listings in the last 12 months. 167 sold and 90 didn't, a rate of 35%. The year before, that rate was 18%. The typical home that sold took 55 days and went for 94.0% of its 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 27803 · Rocky Mount 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 20 days. Needed price cuts: 86 days, and sold for 89.7% of the first price.
What waiting costs
| Property taxes | $120 |
| Homeowners insurance | $250 |
| Upkeep | $190 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $807 + mortgage |
About $807 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 132 days — roughly $3,509 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Nash County rate 0.63 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
25%
57 of about 227 before closing
Those homes that later sold
58%
40% never sold
Sold vs. first ask after a fall-through
91.7%
vs. 95.4% on the first contract
Days to sell after a fall-through
93
vs. 37 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 40% · cash 20% · VA 7% · FHA 24%.
If you're selling
- Price it right from day one. The 64 homes priced right sold in a typical 22 days. The 103 that needed price cuts took 85 days and sold at 89.6% of the price.
- Small cuts later don't fix it. Listings that never sold had a median price cut of just 2.4% and sat a median 132 days.
- Waiting costs money. On a $228,000 home, carrying costs before the mortgage run about $807 a month, an estimated $3,509 while a home sits unsold.
- Expect that about 1 in 4 contracts falls apart. Most often it's inspection, appraisal or financing issues, based on general industry experience. Get the home ready and the paperwork lined up before you list.
If you're buying
- You have room to negotiate. 78% of homes sold below their first asking price, and the median sale was 94.0% of it.
- Homes that sit are the best leverage. Listings that never sold sat a median 132 days, and homes that needed cuts sold at 89.6%.
- Buyers pay in different ways here: 41% conventional, 24% FHA, 20% cash and 7% VA.
Did you know?
- Did you know a home that sold after a first contract fell apart took a median 93 days, versus 38 days for a first contract that held?
- Did you know 60% of homes whose contract fell apart later sold, at a median 91.8% of asking, while 40% never sold?
- Did you know the median sold price in 27803 over the last 12 months was $228,000?
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For sellers
Listings that didn't sell
35%
up 16.6 pts from a year ago
90 expired or canceled vs 170 sold
Sold vs. first asking price
93.9%
down 2.2 pts from 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
2.5%
median — and they still didn't sell
For buyers
True days on market
53
up 13 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
6.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
11%
of listings that didn't sell the first time
Median sold price
$228K
down 7.1% from a year ago
170 homes sold
The last 24 months
33% latest month · Sep 26
92 latest month · Sep 26
87.3% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 121 | 62 | 34% | 55 | 91.9% |
| $300–400K | 37 | 19 | 34% | 36 | 97.6% |
| $400–500K | 2 | 4 | 67% | 20 | 96.2% |
| $500–750K | 8 | 1 | 11% | 94 | 86.1% |
| $750K–1M | 2 | 4 | 67% | 105 | 97.5% |
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 23, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000