Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27822 · Elm City
October 22, 2026
(910) 395‑1000 · buddyblake.com
In Elm City's 27822, 1 in 4 listings ended without a sale
In ZIP code 27822 (Elm City area) over the last 12 months, 94 homes came to an end and 22 of them didn't sell. That's 23%, about 1 in 4, up from 22% the year before. Homes priced right from the start sold in a typical 9 days. Homes that needed cuts took a typical 120 days.
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 27822 · Elm City 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 9 days. Needed price cuts: 111 days, and sold for 90.0% of the first price.
What waiting costs
| Property taxes | $133 |
| Homeowners insurance | $250 |
| Upkeep | $224 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $861 + mortgage |
About $861 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 90 days — roughly $2,528 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Wilson County rate 0.595 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
14%
12 of about 85 before closing
Those homes that later sold
83%
17% never sold
Sold vs. first ask after a fall-through
90.1%
vs. 98.2% on the first contract
Days to sell after a fall-through
158
vs. 24 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 47% · cash 12% · VA 6% · FHA 30%.
If you're selling
- Price it right from day one. The 39 homes priced right sold in a typical 9 days. The 33 that needed cuts took a typical 120 days and sold at 88.9%.
- Watch your price range. The $300–400K range had the toughest time, with 32% not selling. Under $300K did best at 17%.
- Small cuts made late don't fix it. Listings that never sold took a median cut of just 2.8% and sat a typical 90 days.
- Contracts fall apart too, about 1 in 7 (14%). Most often it's inspection, appraisal or financing issues, in our general experience. Get the home ready and your paperwork in order before you list. A first contract typically took 25 days. After one fell apart, it took a typical 158 days.
If you're buying
- You have room to talk. 64% of homes sold below the first asking price, and the typical home sold at 98.0% of it.
- Homes that sit are where the leverage is. Listings that never sold sat a typical 90 days. Homes that sold after a contract fell apart went for 90.1%, versus 98.2% for first contracts.
- Buyers pay in different ways here: 46% conventional, 31% FHA, 13% cash and 6% VA.
Did you know?
- Did you know? The median sold price in 27822 over the last 12 months was $268,750.
- Did you know? Of the contracts that fell apart, 83% of the homes later sold and 17% never did.
- Did you know? Carrying a typical $268,750 home costs an estimated $861 a month before the mortgage. That's about $2,528 estimated while a home sits unsold.
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For sellers
Listings that didn't sell
23%
up 1.4 pts from a year ago
22 expired or canceled vs 73 sold
Sold vs. first asking price
97.9%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
64%
share of homes that sold
Price cut on homes that didn't sell
2.8%
median — and they still didn't sell
For buyers
True days on market
41
up 14 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
9%
of listings that didn't sell the first time
Median sold price
$268K
down 2.7% from a year ago
73 homes sold
The last 24 months
17% latest month · Sep 26
36 latest month · Sep 26
98.2% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 45 | 9 | 17% | 25 | 98.3% |
| $300–400K | 19 | 9 | 32% | 97 | 93.8% |
| $400–500K | 2 | 1 | 33% | 137 | 93.0% |
| $500–750K | 6 | 2 | 25% | 24 | 98.6% |
| $750K–1M | 1 | 1 | 50% | 233 | 91.8% |
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