Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27807 · Bailey
November 1, 2026
(910) 395‑1000 · buddyblake.com
1 in 4 listings in the Bailey area ended without selling
Over the last 12 months, 144 listings in ZIP 27807 ended. 106 sold and 38 didn't sell, so 26% ended without a sale, up from 15% the year before. Sold homes went for a median $329,245 and took a typical 69 days.
Summary written October 26, 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 27807 · Bailey 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 39 days. Needed price cuts: 105 days, and sold for 93.9% of the first price.
What waiting costs
| Property taxes | $173 |
| Homeowners insurance | $250 |
| Upkeep | $274 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $951 + mortgage |
About $951 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 147 days — roughly $4,583 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
21%
27 of about 132 before closing
Those homes that later sold
48%
48% never sold
Sold vs. first ask after a fall-through
96.9%
vs. 99.0% on the first contract
Days to sell after a fall-through
92
vs. 68 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 36% · cash 9% · VA 15% · FHA 37%.
If you're selling
- Price it right from day one. Listings priced right from the start sold in a typical 39 days.
- Listings that needed price cuts took a typical 106 days to sell, and sold at a median 93.9% of asking.
- Under $300K is the hardest range here, with 33% of listings not selling, compared with 22% for $300–400K.
- Waiting costs money. Estimated carrying costs run about $951 a month before mortgage on a $329,245 home, and about $4,583 for a typical unsold home before mortgage.
If you're buying
- There is room to negotiate. 58% of homes sold below their first asking price, and sold at a median 98.7% of first ask.
- Some homes sit. Listings that never sold were on the market a typical 147 days, and the median price cut on them was 0.8%.
- Buyers are paying a mix of ways: 37% conventional, 37% FHA, 15% VA and 9% cash.
Did you know?
- Did you know: 1 in 5 contracts in this ZIP fell apart, and the MLS does not record why. In general, inspection, appraisal or financing issues are the most common causes.
- Did you know: after a contract fell apart, 48% of those homes later sold and 48% never sold.
- Did you know: homes that sold here took a typical 69 days from listing to sale.
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For sellers
Listings that didn't sell
30%
up 13.9 pts from a year ago
44 expired or canceled vs 105 sold
Sold vs. first asking price
98.7%
down 1.1 pts from a year ago
median sale price ÷ original list price
Sold below first asking
58%
share of homes that sold
Price cut on homes that didn't sell
3.2%
median — and they still didn't sell
For buyers
True days on market
70
up 7 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
2%
of listings that didn't sell the first time
Median sold price
$327K
down 8.9% from a year ago
105 homes sold
The last 24 months
63% latest month · Oct 26
96 latest month · Oct 26
98.2% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 30 | 14 | 32% | 40 | 98.3% |
| $300–400K | 62 | 24 | 28% | 83 | 99.0% |
| $400–500K | 11 | 3 | 21% | 114 | 98.4% |
| $500–750K | 2 | 3 | 60% | 118 | 90.4% |
ZIP 27807 · Bailey housing market: quick answers
How long do homes take to sell in ZIP 27807 · Bailey?
Homes that sold in ZIP 27807 · Bailey over the last 12 months took a median of 70 days, counted from the day they were first listed (relists included). That's up 7 days from a year ago.
What do homes in ZIP 27807 · Bailey sell for compared to the asking price?
The median home in ZIP 27807 · Bailey sold for 98.7% of its first asking price in the last 12 months, and 58% of the homes that sold went for less than the original price. That's down 1.1 pts from a year ago.
What percentage of homes listed in ZIP 27807 · Bailey don't sell?
30% of homes listed in ZIP 27807 · Bailey over the last 12 months expired or were canceled without selling — about 1 in 3 (44 didn't sell vs 105 sold). That's up 13.9 pts from a year ago. The homes that didn't sell had already cut their price a median 3.2%.
What is the median sold price in ZIP 27807 · Bailey?
The median sold price in ZIP 27807 · Bailey over the last 12 months was $326,990, across 105 homes sold. That's down 8.9% from a year ago.
Where do these ZIP 27807 · Bailey 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