Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27863 · Pikeville
October 19, 2026
(910) 395‑1000 · buddyblake.com
In Pikeville's 27863, 1 in 4 listings ended without a sale
In ZIP code 27863 (Pikeville area), 270 homes came off the market in the last 12 months. 72 of them didn't sell, which is 27%, or 1 in 4. A year before, that number was 17%. The median sold price was $302,950, and the typical home that sold took 63 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 27863 · Pikeville 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 The outlined ones expired, were withdrawn or were canceled.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 34 days. Needed price cuts: 88 days, and sold for 92.5% of the first price.
What waiting costs
| Property taxes | $158 |
| Homeowners insurance | $250 |
| Upkeep | $252 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $912 + mortgage |
About $912 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 126 days — roughly $3,768 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Wayne County rate 0.6259 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
16%
38 of about 237 before closing
Those homes that later sold
61%
37% never sold
Sold vs. first ask after a fall-through
98.7%
vs. 99.1% on the first contract
Days to sell after a fall-through
117
vs. 56 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 30% · cash 9% · VA 39% · FHA 19%.
If you're selling
- Price it right from day one. The 131 homes that did so sold in a typical 34 days. The 67 that needed price cuts took 88 days and sold at 92.5% of asking.
- Listings that never sold sat a median 126 days and cut the price only 2.9%. A small cut after months of waiting didn't move them.
- The $300–400K range was the hardest, with 30% not selling. Under $300K was the best range, and still 24% didn't sell. Price carefully in either one.
- Waiting costs money. On a typical $302,950 home, holding costs are estimated at about $912 a month before the mortgage. About $3,768 is the estimated cost while a listing sat unsold.
If you're buying
- 59% of homes sold below the first asking price, and the median sale came in at 98.9% of it. There is room to negotiate, so make an offer instead of paying full ask.
- Homes that sit are your leverage. Listings that never sold had a median of 126 days on the market, and those that needed cuts sold at 92.5%.
- Buyers paid a mix of ways: VA 39%, conventional 31%, FHA 19% and cash 9%. Financing other than cash is the norm here.
Did you know?
- Did you know the share of homes that didn't sell in 27863 went from 17% a year before to 27%?
- Did you know that when a contract fell apart, 61% of those homes later sold and 37% never did?
- Did you know a home that sold after a contract fell apart took a median 117 days, against 56 days for a first contract?
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For sellers
Listings that didn't sell
27%
up 9.7 pts from a year ago
72 expired, withdrawn or canceled vs 199 sold
Sold vs. first asking price
98.9%
about the same as 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
2.9%
median — and they still didn't sell
For buyers
True days on market
62
up 5 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
25%
of listings that didn't sell the first time
Median sold price
$305K
up 1.7% from a year ago
199 homes sold
The last 24 months
59% latest month · Sep 26
54 latest month · Sep 26
98.7% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 88 | 27 | 24% | 45 | 99.6% |
| $300–400K | 98 | 42 | 30% | 95 | 98.7% |
| $400–500K | 12 | 3 | 20% | 30 | 97.7% |
| $500–750K | 1 | 0 | 0% | 29 | 100.0% |
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