Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 27886 · Tarboro
October 20, 2026
(910) 395‑1000 · buddyblake.com
In Tarboro's 27886, 1 in 4 listings didn't sell
Over the last 12 months in ZIP code 27886 (Tarboro area), 165 homes came off the market and 43 of them didn't sell. That is 26%, up from 24% the year before. Homes priced right from the start sold in a median of 18 days. Homes that needed price cuts took 69 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 27886 · Tarboro 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 The outlined ones expired, were withdrawn or were canceled.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 18 days. Needed price cuts: 69 days, and sold for 90.4% of the first price.
What waiting costs
| Property taxes | $153 |
| Homeowners insurance | $250 |
| Upkeep | $172 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $824 + mortgage |
About $824 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 135 days — roughly $3,681 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Edgecombe County rate 0.89 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
24%
39 of about 162 before closing
Those homes that later sold
59%
39% never sold
Sold vs. first ask after a fall-through
93.1%
vs. 94.6% on the first contract
Days to sell after a fall-through
98
vs. 44 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 41% · cash 23% · VA 9% · FHA 23%.
If you're selling
- Price it right from day one. The 44 homes priced right sold in a median of 18 days. The 78 that needed cuts took 69 days and sold at 90.4% of asking.
- Waiting doesn't pay. Listings that never sold sat a median of 135 days and cut their price a median of 4.8%. They still didn't sell.
- Carrying costs add up. On a typical home at $206,888, we estimate about $824 a month before the mortgage. We estimate about $3,681 in carrying costs while a home sits unsold.
- Expect contracts to fall apart about 1 in 4 times. The MLS doesn't record why. In our experience it's most often inspection, appraisal or financing issues. Get the home ready and the paperwork in order before you list.
If you're buying
- You have room to negotiate. Homes sold at a median of 94.6% of the first asking price, and 73% sold below it.
- Homes that sit are the best places to ask for a lower price. Listings that never sold had already sat a median of 135 days.
- Buyers pay in different ways. In the last 12 months, 22% paid cash, 42% used conventional loans, 23% used FHA and 9% used VA.
Did you know?
- When a contract fell apart, the home took a median of 94 days to sell the next time. A home that held its first contract took 43 days.
- After a contract fell apart, 58% of those homes later sold and 40% never did.
- The median sold price in 27886 over the last 12 months was $206,888.
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For sellers
Listings that didn't sell
26%
up 1.5 pts from a year ago
43 expired, withdrawn or canceled vs 123 sold
Sold vs. first asking price
94.6%
up 0.8 pts from a year ago
median sale price ÷ original list price
Sold below first asking
73%
share of homes that sold
Price cut on homes that didn't sell
4.8%
median — and they still didn't sell
For buyers
True days on market
50
up 11 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
19%
of listings that didn't sell the first time
Median sold price
$207K
up 8.9% from a year ago
123 homes sold
The last 24 months
24% latest month · Sep 26
24 latest month · Sep 26
100.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 106 | 32 | 23% | 48 | 94.8% |
| $300–400K | 12 | 3 | 20% | 87 | 91.7% |
| $400–500K | 1 | 2 | 67% | 69 | 94.6% |
| $500–750K | 3 | 5 | 63% | 159 | 78.7% |
| $750K–1M | 1 | 0 | 0% | 104 | 26.9% |
| $1M+ | 0 | 1 | 100% | — | — |
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 20, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000