Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28470 · Shallotte
October 19, 2026
(910) 395‑1000 · buddyblake.com
In Shallotte's 28470, 1 in 4 homes that listed never sold
In ZIP code 28470 (Shallotte area), 507 homes came off the market in the last 12 months. 391 sold and 116 didn't, a rate of 23%, up from 22% the year before. The typical home that sold took 67 days and went for 95.2% 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 28470 · Shallotte 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 The outlined ones expired, were withdrawn or were canceled.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 19 days. Needed price cuts: 102 days, and sold for 90.9% of the first price.
What waiting costs
| Property taxes | $88 |
| Homeowners insurance | $250 |
| Upkeep | $258 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $843 + mortgage |
About $843 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 172 days — roughly $4,775 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
21%
102 of about 489 before closing
Those homes that later sold
66%
33% never sold
Sold vs. first ask after a fall-through
91.3%
vs. 96.0% on the first contract
Days to sell after a fall-through
118
vs. 53 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 50% · cash 27% · VA 9% · FHA 12%.
If you're selling
- Price it right from day one. The 151 homes priced right sold in a typical 19 days. The 240 that needed price cuts took a typical 102 days and sold at 90.8% of asking.
- Watch the $400–500K range. 31% of listings there didn't sell. The $500–750K range did best at 19%.
- Waiting costs money. Listings that never sold sat a typical 172 days and cut price only 2.6% at the median. On a typical $309,900 home, estimated carrying costs before mortgage run about $843 a month, or about $4,775 while a home sits unsold.
- Expect that 1 in 5 contracts (21%) fall apart. The MLS doesn't record why. In general industry experience it's most often inspection, appraisal or financing issues, so get the home ready and the paperwork in order before you list.
If you're buying
- You have room to negotiate. 84% of homes that sold went for less than the first asking price, and the median sold price was $309,900.
- Homes that sit are the best places to push. Listings that never sold sat a typical 172 days. A contract that fell apart and later sold took a typical 120 days and closed at 91.3% of asking, against 95.7% for first contracts.
- You won't be the only one with a plan. Buyers paid cash 27% of the time, conventional 50%, FHA 12% and VA 9%.
Did you know?
- Did you know? Of homes that went under contract and fell apart, 67% later sold and 31% never sold.
- Did you know? A first contract takes a typical 53 days. After a contract falls apart, the typical sale takes 120 days.
- Did you know? In 28470, 1 in 4 homes that listed ended without selling, meaning expired, withdrawn or canceled.
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For sellers
Listings that didn't sell
24%
up 2.3 pts from a year ago
120 expired, withdrawn or canceled vs 387 sold
Sold vs. first asking price
95.2%
up 0.5 pts from a year ago
median sale price ÷ original list price
Sold below first asking
84%
share of homes that sold
Price cut on homes that didn't sell
2.6%
median — and they still didn't sell
For buyers
True days on market
65
down 1 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
4.8%
how far under the original price homes sold
Didn't sell, then sold on a relist
18%
of listings that didn't sell the first time
Median sold price
$310K
up 3.3% from a year ago
387 homes sold
The last 24 months
23% latest month · Sep 26
34 latest month · Sep 26
97.6% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 146 | 36 | 20% | 53 | 95.8% |
| $300–400K | 143 | 46 | 24% | 50 | 96.7% |
| $400–500K | 51 | 24 | 32% | 103 | 92.9% |
| $500–750K | 30 | 7 | 19% | 111 | 91.5% |
| $750K–1M | 14 | 4 | 22% | 92 | 88.7% |
| $1M+ | 3 | 3 | 50% | 25 | 96.4% |
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 19, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000