Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28551 · La Grange
October 24, 2026
(910) 395‑1000 · buddyblake.com
In 28551, a typical sale takes 101 days and 1 in 6 homes don't sell
Over the last 12 months in ZIP code 28551 (La Grange area), 224 homes ended their listings. 186 sold and 38 didn't, which is 17%, down from 21% the year before. The typical home that sold took 101 days and brought 98.5% of its first asking price.
Summary written October 17, 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 28551 · La Grange 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 68 days. Needed price cuts: 128 days, and sold for 93.9% of the first price.
What waiting costs
| Property taxes | $156 |
| Homeowners insurance | $250 |
| Upkeep | $250 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $908 + mortgage |
About $908 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 146 days — roughly $4,346 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Wayne County rate 0.6259 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%
39 of about 224 before closing
Those homes that later sold
74%
26% never sold
Sold vs. first ask after a fall-through
97.5%
vs. 98.7% on the first contract
Days to sell after a fall-through
111
vs. 100 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 18% · cash 12% · VA 43% · FHA 24%.
If you're selling
- Price it right from day one. The 121 homes priced right sold in a typical 65 days. The 65 that needed price cuts took a typical 129 days and sold at 93.9% of asking.
- Under $300K is the tough range here. 22% of those listings didn't sell, against 13% in the $300–400K range.
- Waiting costs money. For a typical home at $299,998, carrying costs are estimated at about $908 a month before the mortgage. The estimate while a home sits unsold is about $4,346. Listings that never sold sat a median 146 days.
- Contracts fall apart in 1 in 6 cases. Most often it's inspection, appraisal or financing issues, as a general rule of thumb and not something the MLS measures. Get repairs, paperwork and pricing in order before you list. Of those that fell apart, 76% later sold and 24% never did.
If you're buying
- There's room to talk price. 58% of homes sold below their first asking price, and the median sale came in at 98.5% of it.
- Homes that sit give you leverage. Listings that needed price cuts sold at 93.9% of asking and took a typical 129 days.
- Here's how buyers paid: VA 43%, FHA 24%, conventional 18%, cash 13%.
Did you know?
- The median sold price in 28551 over the last 12 months was $299,998.
- A home that sold after a contract fell apart took a typical 111 days, against 96 days for a first contract that held.
- After a fall-through, homes sold at 97.3% of asking, compared with 98.8% when the first contract held.
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For sellers
Listings that didn't sell
17%
down 4.1 pts from a year ago
37 expired or canceled vs 185 sold
Sold vs. first asking price
98.4%
down 1.6 pts from a year ago
median sale price ÷ original list price
Sold below first asking
59%
share of homes that sold
Price cut on homes that didn't sell
0.0%
median — and they still didn't sell
For buyers
True days on market
102
up 68 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
30%
of listings that didn't sell the first time
Median sold price
$304K
up 4.1% from a year ago
185 homes sold
The last 24 months
39% latest month · Sep 26
92 latest month · Sep 26
98.8% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 71 | 21 | 23% | 69 | 97.6% |
| $300–400K | 94 | 13 | 12% | 110 | 98.7% |
| $400–500K | 18 | 2 | 10% | 174 | 100.0% |
| $500–750K | 2 | 1 | 33% | 96 | 94.0% |
| $750K–1M | 0 | 0 | — | — | — |
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