Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28469 · Ocean Isle Beach
October 20, 2026
(910) 395‑1000 · buddyblake.com
In 28469, 1 in 4 homes that listed didn't sell
In ZIP code 28469 (Ocean Isle Beach area), 225 of the 850 homes that came off the market in the last 12 months didn't sell. That is 27%, up from 24% the year before. The median home that did sell took 49 days and closed at 93.9% of its first asking price.
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 28469 · Ocean Isle Beach 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 The outlined ones expired, were withdrawn or were canceled.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: 74 days, and sold for 91.2% of the first price.
What waiting costs
| Property taxes | $121 |
| Homeowners insurance | $250 |
| Upkeep | $353 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $977 + mortgage |
About $977 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 157 days — roughly $5,032 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
17%
131 of about 763 before closing
Those homes that later sold
49%
49% never sold
Sold vs. first ask after a fall-through
91.0%
vs. 94.3% on the first contract
Days to sell after a fall-through
99
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 56% · cash 38% · VA 2% · FHA 3%.
If you're selling
- Price it right from day one. The 190 homes priced right sold in a median of 16 days. The 435 that needed price cuts took a median of 74 days and sold at 91.0% of asking.
- The $1M+ range is the toughest, with 32% not selling. Under $300K is the easiest at 20%.
- Listings that never sold sat a median of 157 days. Their median price cut was only 3.1%.
- About 1 in 6 contracts fell apart (17%). Most often that's inspection, appraisal or financing issues, based on general industry experience. Get ahead of them before you list. A second contract took a median of 99 days, against 44 days for a first contract that held.
If you're buying
- 86% of homes sold below their first asking price. The median sale closed at 93.9% of first ask, so there is room to negotiate.
- Homes that sit are your leverage. Ones that needed cuts sold at 91.0% of asking after a median of 74 days.
- 38% of buyers paid cash and 55% used conventional loans. FHA was 3% and VA was 2%. Expect to compete with cash.
Did you know?
- Did you know? The median sold price in 28469 over the last 12 months was $423,000.
- Did you know? On a typical $423,000 home, estimated carrying costs run about $977 a month before the mortgage. A home that goes unsold can cost about $5,032 in estimated carrying costs.
- Did you know? When a contract fell apart, 48% of those homes later sold and 49% never did.
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For sellers
Listings that didn't sell
26%
up 2.3 pts from a year ago
225 expired, withdrawn or canceled vs 631 sold
Sold vs. first asking price
94.0%
down 0.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
86%
share of homes that sold
Price cut on homes that didn't sell
3.1%
median — and they still didn't sell
For buyers
True days on market
49
down 9 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
6.0%
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
$425K
down 5.6% from a year ago
631 homes sold
The last 24 months
37% latest month · Sep 26
73 latest month · Sep 26
94.7% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 141 | 35 | 20% | 40 | 91.9% |
| $300–400K | 134 | 55 | 29% | 47 | 91.8% |
| $400–500K | 74 | 29 | 28% | 75 | 93.8% |
| $500–750K | 133 | 45 | 25% | 56 | 96.2% |
| $750K–1M | 56 | 17 | 23% | 53 | 96.2% |
| $1M+ | 93 | 44 | 32% | 54 | 94.0% |
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