Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27882 · Spring Hope
October 19, 2026
(910) 395‑1000 · buddyblake.com
In Spring Hope's 27882, 42% of listings ended without a sale
In the last 12 months in ZIP code 27882 (Spring Hope area), 93 homes came off the market and 54 sold. The other 39 didn't sell, which is 42%, or 1 in 2. A year before, that number was 19%.
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 27882 · Spring Hope 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 The outlined ones expired, were withdrawn or were canceled.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 32 days. Needed price cuts: 113 days, and sold for 94.3% of the first price.
What waiting costs
| Property taxes | $188 |
| Homeowners insurance | $250 |
| Upkeep | $298 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $990 + mortgage |
About $990 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 132 days — roughly $4,300 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%
18 of about 72 before closing
Those homes that later sold
50%
44% never sold
Sold vs. first ask after a fall-through
92.2%
vs. 98.3% on the first contract
Days to sell after a fall-through
127
vs. 47 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 50% · cash 20% · VA 6% · FHA 20%.
If you're selling
- Price it right from day one. The 28 homes priced right sold in a median of 32 days. The 26 that needed price cuts took a median of 113 days and sold at 94.3% of asking.
- The $300–400K range struggled most, with 56% of listings ending unsold. Under $300K did best, at 28%. The median sold price was $357,400, so a lot of local homes sit right in the tough range.
- Waiting costs money. On a typical home, carrying costs are estimated at about $990 a month before the mortgage. Over the time a home sits unsold, that's an estimated $4,300.
- About 1 in 4 contracts (25%) fell apart. Those homes took a median of 127 days to sell, versus 47 days for homes whose first contract held. Most often inspection, appraisal or financing issues cause this, in general industry experience. Get ahead of repairs and line up solid buyers before you list.
If you're buying
- You have room to negotiate. 63% of homes sold below their first asking price, and the median sale came in at 97.6% of first ask.
- Look at homes that sit. Listings that never sold sat a median of 132 days. Homes that needed cuts sold at a median of 94.3% of asking.
- Cash isn't the only way to buy here. Buyers paid cash 20% of the time, conventional 50%, FHA 20% and VA 6%.
Did you know?
- Homes that sold after a first contract fell apart went for a median of 92.2% of asking. Homes whose first contract held sold at 98.3%.
- After a contract fell apart, 50% of those homes later sold and 44% never sold.
- In 27882, the share of listings that didn't sell was 19% the year before and 42% in the last 12 months.
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For sellers
Listings that didn't sell
42%
up 22.9 pts from a year ago
39 expired, withdrawn or canceled vs 54 sold
Sold vs. first asking price
97.6%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
63%
share of homes that sold
Price cut on homes that didn't sell
0.0%
median — and they still didn't sell
For buyers
True days on market
76
down 7 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
3%
of listings that didn't sell the first time
Median sold price
$357K
up 27.2% from a year ago
54 homes sold
The last 24 months
0% latest month · Sep 26
124 latest month · Sep 26
97.8% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 18 | 7 | 28% | 14 | 97.6% |
| $300–400K | 14 | 18 | 56% | 124 | 95.2% |
| $400–500K | 17 | 8 | 32% | 112 | 96.6% |
| $500–750K | 3 | 6 | 67% | 120 | 100.0% |
| $750K–1M | 2 | 0 | 0% | 18 | 99.4% |
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