Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28465 · Oak Island
November 1, 2026
(910) 395‑1000 · buddyblake.com
Oak Island area: 1 in 4 listings didn't sell in the last year
In ZIP 28465, 574 of 800 listings sold over the last 12 months, and 226 ended without a sale. The typical home sold in 56 days at a median price of $673,750, and 85% of sales closed below the first asking price.
Summary written October 30, 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 28465 · Oak Island 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 16 days. Needed price cuts: 93 days, and sold for 91.8% of the first price.
What waiting costs
| Property taxes | $192 |
| Homeowners insurance | $250 |
| Upkeep | $561 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $1,257 + mortgage |
About $1,257 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 166 days — roughly $6,833 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%
106 of about 679 before closing
Those homes that later sold
48%
48% never sold
Sold vs. first ask after a fall-through
92.1%
vs. 96.1% on the first contract
Days to sell after a fall-through
121
vs. 51 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 63% · cash 30% · VA 1% · FHA 1%.
If you're selling
- Price it right from day one. Listings priced right sold in a median 16 days.
- Be careful in the $1M+ range, where 32% of listings didn't sell.
- Waiting costs money. Listings that never sold sat a median 166 days and got a median price cut of 2.0%.
- Contracts fall apart about 1 in 7 times. In general industry experience, that's most often inspection, appraisal or financing issues, so get those lined up early.
If you're buying
- 85% of sales closed below the first asking price, so there is room to negotiate.
- Cash made up 31% of buyers, and conventional loans made up 63%.
- In the $1M+ range, 32% of listings didn't sell, so ask why a home has been on the market.
Did you know?
- Of the 800 listings that ended in the last 12 months, 226 didn't sell.
- The estimated carrying cost for a typical home is about $1,257 a month before mortgage.
- Of contracts that fell apart, 50% later sold and 47% never sold.
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For sellers
Listings that didn't sell
29%
down 1.7 pts from a year ago
229 expired or canceled vs 573 sold
Sold vs. first asking price
95.6%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
85%
share of homes that sold
Price cut on homes that didn't sell
2.0%
median — and they still didn't sell
For buyers
True days on market
57
about the same as a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.4%
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
$675K
up 3.8% from a year ago
573 homes sold
The last 24 months
35% latest month · Oct 26
41 latest month · Oct 26
95.9% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 11 | 3 | 21% | 33 | 94.4% |
| $300–400K | 28 | 10 | 26% | 26 | 96.5% |
| $400–500K | 82 | 30 | 27% | 52 | 95.6% |
| $500–750K | 196 | 77 | 28% | 65 | 96.3% |
| $750K–1M | 130 | 50 | 28% | 61 | 95.9% |
| $1M+ | 126 | 59 | 32% | 52 | 94.8% |
ZIP 28465 · Oak Island housing market: quick answers
How long do homes take to sell in ZIP 28465 · Oak Island?
Homes that sold in ZIP 28465 · Oak Island over the last 12 months took a median of 57 days, counted from the day they were first listed (relists included). That's about the same as a year ago.
What do homes in ZIP 28465 · Oak Island sell for compared to the asking price?
The median home in ZIP 28465 · Oak Island sold for 95.6% of its first asking price in the last 12 months, and 85% of the homes that sold went for less than the original price. That's about the same as a year ago.
What percentage of homes listed in ZIP 28465 · Oak Island don't sell?
29% of homes listed in ZIP 28465 · Oak Island over the last 12 months expired or were canceled without selling — about 1 in 3 (229 didn't sell vs 573 sold). That's down 1.7 pts from a year ago. The homes that didn't sell had already cut their price a median 2.0%.
What is the median sold price in ZIP 28465 · Oak Island?
The median sold price in ZIP 28465 · Oak Island over the last 12 months was $675,000, across 573 homes sold. That's up 3.8% from a year ago.
What is my home worth in ZIP 28465 · Oak Island?
The median home in ZIP 28465 · Oak Island sold for $675,000 over the last 12 months (573 sales), up about 3.8% from $650,000 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 28465 · Oak Island going down?
No — not at the median. Homes in ZIP 28465 · Oak Island sold for a median of $675,000 in the last 12 months, up about 3.8% from $650,000 the prior 12 months. More homes sold (573 vs 546), and the median time on the market held at 57 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these ZIP 28465 · Oak Island 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