Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28574 · Richlands
October 22, 2026
(910) 395‑1000 · buddyblake.com
Richlands 28574: 1 in 6 contracts fell apart in 12 months
Of 535 listings that ended in ZIP 28574 over the last 12 months, 484 sold and 51 did not. That is 1 in 11, up from 9% the year before. Typical time to sell was 31 days, and sales closed at 99.6% of first asking price.
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 28574 · Richlands 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 19 days. Needed price cuts: 77 days, and sold for 94.2% of the first price.
What waiting costs
| Property taxes | $159 |
| Homeowners insurance | $250 |
| Upkeep | $243 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $898 + mortgage |
About $898 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 85 days — roughly $2,504 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Onslow County rate 0.655 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%
91 of about 576 before closing
Those homes that later sold
82%
17% never sold
Sold vs. first ask after a fall-through
98.7%
vs. 99.9% on the first contract
Days to sell after a fall-through
77
vs. 24 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 10% · cash 8% · VA 71% · FHA 9%.
If you're selling
- Price it right from day one. Homes priced right sold in a typical 19 days. Homes that needed cuts took a typical 77 days and still sold at 94.2% of first ask.
- Waiting costs money. Listings that never sold sat a typical 85 days, and estimated carrying costs run about $2,504 before mortgage while a home sits unsold.
- Expect a contract to wobble. 1 in 6 contracts fell apart. Most often that comes down to inspection, appraisal or financing issues, based on general industry experience. Get your home and paperwork ready before you list so those issues do not catch you late.
If you're buying
- Room to negotiate. 51% of homes sold below their first asking price.
- Homes that never sold sat a typical 85 days, so a home that has been on the market a while may give you more leverage.
- Most buyers used VA financing at 71%. Conventional was 10%, FHA 9%, and cash 8%.
Did you know?
- Estimated carrying costs for a typical home are about $898 a month before mortgage, based on a $291,045 example price.
- The median sold price in ZIP 28574 over the last 12 months was $291,045.
- After a contract fell apart, 82% of those homes later sold, at 98.7% of the original contract price, taking a typical 77 days.
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For sellers
Listings that didn't sell
10%
up 0.4 pts from a year ago
51 expired or canceled vs 484 sold
Sold vs. first asking price
99.6%
down 0.3 pts from a year ago
median sale price ÷ original list price
Sold below first asking
51%
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
31
up 7 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
33%
of listings that didn't sell the first time
Median sold price
$291K
up 4.3% from a year ago
484 homes sold
The last 24 months
12% latest month · Sep 26
35 latest month · Sep 26
99.1% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 257 | 29 | 10% | 20 | 100.0% |
| $300–400K | 213 | 17 | 7% | 47 | 98.7% |
| $400–500K | 8 | 2 | 20% | 230 | 97.1% |
| $500–750K | 2 | 1 | 33% | 135 | 98.8% |
| $750K–1M | 2 | 1 | 33% | 62 | 89.3% |
| $1M+ | 2 | 1 | 33% | 9 | 55.0% |
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 22, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000