Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28574 · Richlands
November 1, 2026
(910) 395‑1000 · buddyblake.com
In 28574, one in six contracts fell apart last year.
Over the last 12 months, 534 listings ended in ZIP 28574, the Richlands area, and 483 of them sold. The typical home sold in 31 days for a median price of $290,000. Contracts falling apart happened one in six times, so preparation matters here.
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 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 18 days. Needed price cuts: 82 days, and sold for 94.2% of the first price.
What waiting costs
| Property taxes | $158 |
| Homeowners insurance | $250 |
| Upkeep | $242 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $899 + mortgage |
About $899 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 85 days — roughly $2,501 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 570 before closing
Those homes that later sold
82%
15% never sold
Sold vs. first ask after a fall-through
98.7%
vs. 100.0% on the first contract
Days to sell after a fall-through
77
vs. 22 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 11% · cash 8% · VA 71% · FHA 8%.
If you're selling
- Price it right from day one. Homes priced right sold in a median 19 days.
- Price cuts cost time. Listings that needed cuts took a median 77 days and sold at a median 94.2% of asking.
- Waiting costs money. Listings that never sold sat a median 85 days before they ended.
- When a contract falls apart, most often it's inspection, appraisal or financing issues, based on general industry experience. Get ahead of those early.
If you're buying
- Room to negotiate: 51% of homes sold below their first asking price.
- Some homes sit. 51 listings ended without selling, an estimated 10% of all listings that ended.
- Financing is mostly VA: 71% of buyers used VA loans, 11% conventional, 9% FHA and 8% cash.
Did you know?
- Homes sold at a median 99.6% of their first asking price.
- After a contract fell apart, 82% of those homes later sold, a median 76 days after.
- Estimated carrying cost for a typical $290,000 home is about $899 a month before mortgage.
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For sellers
Listings that didn't sell
10%
up 0.9 pts from a year ago
53 expired or canceled vs 479 sold
Sold vs. first asking price
99.7%
about the same as 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
0.1%
median — and they still didn't sell
For buyers
True days on market
31
up 4 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
0.3%
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
$290K
up 3.9% from a year ago
479 homes sold
The last 24 months
16% latest month · Oct 26
31 latest month · Oct 26
99.7% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 255 | 28 | 10% | 20 | 100.0% |
| $300–400K | 210 | 19 | 8% | 47 | 99.0% |
| $400–500K | 8 | 3 | 27% | 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% |
ZIP 28574 · Richlands housing market: quick answers
How long do homes take to sell in ZIP 28574 · Richlands?
Homes that sold in ZIP 28574 · Richlands over the last 12 months took a median of 31 days, counted from the day they were first listed (relists included). That's up 4 days from a year ago.
What do homes in ZIP 28574 · Richlands sell for compared to the asking price?
The median home in ZIP 28574 · Richlands sold for 99.7% of its first asking price in the last 12 months, and 51% 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 28574 · Richlands don't sell?
10% of homes listed in ZIP 28574 · Richlands over the last 12 months expired or were canceled without selling — about 1 in 10 (53 didn't sell vs 479 sold). That's up 0.9 pts from a year ago. The homes that didn't sell had already cut their price a median 0.1%.
What is the median sold price in ZIP 28574 · Richlands?
The median sold price in ZIP 28574 · Richlands over the last 12 months was $290,000, across 479 homes sold. That's up 3.9% from a year ago.
What is my home worth in ZIP 28574 · Richlands?
The median home in ZIP 28574 · Richlands sold for $290,000 over the last 12 months (479 sales), up about 3.9% from $279,000 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 28574 · Richlands going down?
No — not at the median. Homes in ZIP 28574 · Richlands sold for a median of $290,000 in the last 12 months, up about 3.9% from $279,000 the prior 12 months. Fewer homes sold (479 vs 519), and the median time on the market went from 27 to 31 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these ZIP 28574 · Richlands 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