Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28462 · Supply
October 24, 2026
(910) 395‑1000 · buddyblake.com
1 in 4 Listings in ZIP 28462 Didn't Sell This Year
In ZIP 28462, 27% of listings ended without selling over the last 12 months, up from 22% the year before. Of 756 listings that ended, 552 sold, and a typical home took 66 days to sell. Pricing and financing details matter more here than the market headlines suggest.
Summary written October 22, 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 28462 · Supply 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 24 days. Needed price cuts: 92 days, and sold for 91.6% of the first price.
What waiting costs
| Property taxes | $88 |
| Homeowners insurance | $250 |
| Upkeep | $257 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $841 + mortgage |
About $841 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 154 days — roughly $4,254 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
20%
137 of about 691 before closing
Those homes that later sold
63%
34% never sold
Sold vs. first ask after a fall-through
89.9%
vs. 95.7% on the first contract
Days to sell after a fall-through
146
vs. 50 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 33% · VA 7% · FHA 14%.
If you're selling
- Price it right from day one. Listings priced right from the start had a median of 24 days on market.
- The $400–500K range is the toughest here, with 42% of listings not selling.
- Listings that never sold had a median price cut of 2.6% and sat a median of 154 days.
- About 1 in 5 contracts fell apart. Based on general industry experience, the usual causes are inspection, appraisal or financing issues, so get those sorted early.
If you're buying
- Room to negotiate: 82% of homes sold below their first asking price.
- Homes that sit are where leverage is. Listings that never sold sat a median of 154 days.
- Financing mix: 40% of buyers used conventional loans, 33% paid cash, 14% used FHA and 7% used VA.
Did you know?
- Listings that never sold in ZIP 28462 sat a median of 154 days before they ended.
- After a contract fell apart, 63% of those homes later sold, and 34% never sold.
- Estimated carrying cost for a typical home is about $841 a month before mortgage, or about $4,254 while it sits unsold.
Get the ZIP 28462 · Supply 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
27%
up 4.3 pts from a year ago
202 expired or canceled vs 552 sold
Sold vs. first asking price
94.9%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
82%
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
65
up 13 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
5.1%
how far under the original price homes sold
Didn't sell, then sold on a relist
27%
of listings that didn't sell the first time
Median sold price
$307K
down 2.5% from a year ago
552 homes sold
The last 24 months
31% latest month · Sep 26
65 latest month · Sep 26
97.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 238 | 64 | 21% | 47 | 95.5% |
| $300–400K | 100 | 25 | 20% | 104 | 95.0% |
| $400–500K | 36 | 25 | 41% | 45 | 96.6% |
| $500–750K | 58 | 28 | 33% | 100 | 93.2% |
| $750K–1M | 57 | 24 | 30% | 90 | 94.5% |
| $1M+ | 63 | 36 | 36% | 42 | 93.5% |
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 October 24, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000