Around the Lake with Greg

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Uncategorized | 5 Posts
November
2

Why Your Opening List Price Is Your Most Important Marketing Decision

If you're thinking about selling your home in Pike or Wayne County, the most important marketing decision you'll make isn't the photos or the sign in the yard. It's your opening list price.

Great photos and a strong online presence matter, but they only bring buyers to the door if the price makes sense. The latest local numbers show just how much that first price decides how your sale goes.

What the last 30 days tell us

From October 2 to November 2, 2026, homes that sold in Pike and Wayne County averaged about 72 days on market. Listings that expired sat for 227 days, more than three times longer, and their average asking price was about $46,000 higher.

Pike & Wayne residential, Oct 2 to Nov 2, 2026

Sold

Expired

Number of listings

214

85

Average list price

$387,809

$434,038

Average days on market

72

227

The homes that sold brought about 96% of their list price, at an average sale price of $371,102. Another 39 sellers withdrew or cancelled their listings during the same period.

Of course, these are averages across many kinds of homes, and higher-priced properties naturally take longer to sell. Still, the pattern is clear: homes priced in line with the market sell. Homes priced above it tend to sit.

Buyers know value

Today, buyers can choose from 838 homes for sale in Pike and Wayne County, with an average asking price of almost $440,000. The homes going under contract, though, average about $355,000.

That gap tells you how buyers are behaving. They compare every listing with what they've already seen online, they pass on homes that seem overpriced, and they move quickly on homes that are priced right.

Why the first two weeks matter most

The first two weeks on the market bring your home the most buyer attention it will ever get. Every active buyer, and every agent with a saved search, sees your listing at the same time.

If the price is right, that early attention turns into showings and offers. If it's too high, buyers scroll past, and many won't come back. The listing grows stale, buyers start to wonder what's wrong with the home, and price reductions follow. Often the home ends up selling for less than it would have at the right price on day one.

Pricing is a strategy, not a guess. The right list price is based on recent comparable sales, current competition, and how buyers are actually responding in your price range.

Thinking about selling?

If you're planning to sell this winter or next spring, let's build a pricing plan based on real local data. Call or text Greg Pollock at 272-207-8134, or email realtor.pollock@gmail.com.

And catch NEPA Market in a Minute every Monday for the latest on the Pike and Wayne County market.

Source: Pike/Wayne MLS Supply and Demand Report, residential, October 2 to November 2, 2026.

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