Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28425 · Burgaw
October 18, 2026
(910) 395‑1000 · buddyblake.com
In Burgaw's 28425, 1 in 4 listings didn't sell
In ZIP code 28425 (Burgaw area) over the last 12 months, 187 listings ended and 136 sold. The other 51 expired, were withdrawn or were canceled. That is 27% that didn't sell, up from 17% the year before.
Summary written October 14, 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 28425 · Burgaw 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 The outlined ones expired, were withdrawn or were canceled.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 15 days. Needed price cuts: 62 days, and sold for 92.3% of the first price.
What waiting costs
| Property taxes | $205 |
| Homeowners insurance | $250 |
| Upkeep | $278 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $983 + mortgage |
About $983 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 134 days — roughly $4,342 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Pender County rate 0.7375 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
23%
41 of about 177 before closing
Those homes that later sold
63%
34% never sold
Sold vs. first ask after a fall-through
94.3%
vs. 97.4% on the first contract
Days to sell after a fall-through
102
vs. 29 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 40% · cash 21% · VA 18% · FHA 18%.
If you're selling
- Price it right from day one. The 64 homes priced right sold in a median of 16 days. The 72 that needed price cuts took 65 days and sold at 92.3% of the final ask.
- The listings that never sold got a median price cut of only 0.9% and sat a median of 134 days. Small cuts, made late, didn't do the job.
- Price range matters. $500–750K was the toughest at 31% that didn't sell. $300–400K was the best at 22%, which is still a real risk.
- About 24% of contracts fell apart, or 1 in 4. Most often that's inspection, appraisal or financing issues, in general industry experience. Get ahead of them with repairs and a pre-inspection, and keep your price realistic. A second contract took a median of 103 days versus 30 days for the first, and sold at 94.2% versus 97.3%.
If you're buying
- You have room to talk. 67% of homes sold below the first asking price, and the median sale came in at 96.7% of first ask.
- Homes that sit are where the leverage is. Listings that never sold sat a median of 134 days, so a long-listed home may take a lower offer.
- You're not alone with financing. Buyers paid 22% cash, 42% conventional, 18% VA and 16% FHA.
Did you know?
- Did you know? The median sold price in 28425 was $333,439 over the last 12 months.
- Did you know? Of contracts that fell apart, 64% later sold and 33% never sold.
- Did you know? On a typical home at $333,439, carrying costs are estimated at about $983 a month before mortgage. That's about $4,342 while a home sits unsold.
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For sellers
Listings that didn't sell
27%
up 11.0 pts from a year ago
51 expired, withdrawn or canceled vs 136 sold
Sold vs. first asking price
96.8%
down 0.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
67%
share of homes that sold
Price cut on homes that didn't sell
0.9%
median — and they still didn't sell
For buyers
True days on market
40
up 6 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
3.2%
how far under the original price homes sold
Didn't sell, then sold on a relist
12%
of listings that didn't sell the first time
Median sold price
$331K
up 10.8% from a year ago
136 homes sold
The last 24 months
25% latest month · Sep 26
8 latest month · Sep 26
99.1% 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 | 16 | 26% | 30 | 94.9% |
| $300–400K | 57 | 16 | 22% | 46 | 98.5% |
| $400–500K | 15 | 9 | 38% | 12 | 96.8% |
| $500–750K | 17 | 8 | 32% | 157 | 96.8% |
| $750K–1M | 1 | 1 | 50% | 344 | 94.4% |
| $1M+ | 1 | 1 | 50% | 152 | 80.1% |
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 18, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000