Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28451 · Leland
November 1, 2026
(910) 395‑1000 · buddyblake.com
1 in 5 Leland-area listings didn't sell this past year
In ZIP 28451, 1 in 5 listings ended without selling over the last 12 months, up from 18% the year before. Of 1,879 listings that ended, 1,489 sold, and the median time to sell was 52 days. Price still matters here: the median sold price was $389,900, and homes typically sold at 97.2% of first ask.
Summary written November 1, 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 28451 · Leland 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 20 days. Needed price cuts: 95 days, and sold for 92.9% of the first price.
What waiting costs
| Property taxes | $111 |
| Homeowners insurance | $250 |
| Upkeep | $325 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $934 + mortgage |
About $934 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 122 days — roughly $3,724 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Brunswick County rate 0.342 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%
277 of about 1,766 before closing
Those homes that later sold
67%
31% never sold
Sold vs. first ask after a fall-through
95.5%
vs. 97.5% on the first contract
Days to sell after a fall-through
87
vs. 46 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 53% · cash 21% · VA 7% · FHA 17%.
If you're selling
- Price it right from day one. Homes priced right sold in a median 20 days, and 776 homes did.
- Waiting costs you. Listings that needed price cuts took a median 94 days to sell, and the ones that never sold typically took 122 days.
- Expect contracts to fall apart sometimes. 1 in 6 contracts did. The MLS doesn't record why, but inspection, appraisal or financing issues are the most common causes in general industry experience.
- The $1M+ range is the hardest. 41% of those listings didn't sell.
If you're buying
- There's room to negotiate. 72% of homes sold below first ask.
- Homes that sit give you leverage. Listings that never sold typically sat 122 days before ending.
- Most buyers here are using conventional financing at 53%, followed by cash at 21%, FHA at 17% and VA at 7%.
Did you know?
- Homes that fell out of contract and later sold did so at a median 95.4% of asking, but 30% never sold.
- The estimated carrying cost for a typical $389,900 home is about $934 a month before mortgage.
- The $400–500K range had the lowest didn't-sell rate in the area at 18%.
Get the ZIP 28451 · Leland report every month
The same numbers, updated monthly, straight to your inbox. No spam, one click to stop.
For sellers
Listings that didn't sell
21%
up 3.2 pts from a year ago
395 expired or canceled vs 1,489 sold
Sold vs. first asking price
97.3%
down 0.9 pts from a year ago
median sale price ÷ original list price
Sold below first asking
72%
share of homes that sold
Price cut on homes that didn't sell
2.5%
median — and they still didn't sell
For buyers
True days on market
51
up 12 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.7%
how far under the original price homes sold
Didn't sell, then sold on a relist
21%
of listings that didn't sell the first time
Median sold price
$390K
up 3.9% from a year ago
1,489 homes sold
The last 24 months
30% latest month · Oct 26
49 latest month · Oct 26
96.8% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 258 | 71 | 22% | 33 | 98.1% |
| $300–400K | 471 | 122 | 21% | 55 | 97.4% |
| $400–500K | 332 | 69 | 17% | 61 | 97.3% |
| $500–750K | 304 | 70 | 19% | 51 | 97.3% |
| $750K–1M | 94 | 42 | 31% | 74 | 96.1% |
| $1M+ | 30 | 21 | 41% | 80 | 92.4% |
ZIP 28451 · Leland housing market: quick answers
How long do homes take to sell in ZIP 28451 · Leland?
Homes that sold in ZIP 28451 · Leland over the last 12 months took a median of 51 days, counted from the day they were first listed (relists included). That's up 12 days from a year ago.
What do homes in ZIP 28451 · Leland sell for compared to the asking price?
The median home in ZIP 28451 · Leland sold for 97.3% of its first asking price in the last 12 months, and 72% of the homes that sold went for less than the original price. That's down 0.9 pts from a year ago.
What percentage of homes listed in ZIP 28451 · Leland don't sell?
21% of homes listed in ZIP 28451 · Leland over the last 12 months expired or were canceled without selling — about 1 in 5 (395 didn't sell vs 1,489 sold). That's up 3.2 pts from a year ago. The homes that didn't sell had already cut their price a median 2.5%.
What is the median sold price in ZIP 28451 · Leland?
The median sold price in ZIP 28451 · Leland over the last 12 months was $389,615, across 1,489 homes sold. That's up 3.9% from a year ago.
What is my home worth in ZIP 28451 · Leland?
The median home in ZIP 28451 · Leland sold for $389,615 over the last 12 months (1,489 sales), up about 3.9% from $375,000 the prior 12 months. Your property's value depends on its size, condition, lot and street, and online estimates often disagree by a wide margin. Enter your address under "What's my home worth?" on the homepage to see what's for sale, under contract and sold around you, or call for a price built from the homes that actually compete with yours.
Are home prices in ZIP 28451 · Leland going down?
No — not at the median. Homes in ZIP 28451 · Leland sold for a median of $389,615 in the last 12 months, up about 3.9% from $375,000 the prior 12 months. More homes sold (1,489 vs 1,273), and the median time on the market went from 39 to 51 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these ZIP 28451 · Leland housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated November 1, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
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 November 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000