Charlotte, NC 28205 Real Estate Market Report
ZIP Code: 28205
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the Charlotte 28205 area are averaging approximately 6.5%, reflecting a stable market environment compared to the 6.0% to 6.5% range observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market indicator, $515,000 median sold price, signals the neighborhood’s representative recent sale level and supports the view of modest appreciation given the wider context of price trends; up price momentum is present at a high/medium confidence level.
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The $507,500 median listing price is slightly below the median sold price, which may indicate limited pricing friction between seller expectations and transaction outcomes rather than aggressive overpricing; this alignment suggests a balanced price discovery environment rather than wide gaps between list and sale values.
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The 200 median days on market points to slower sales velocity and may reflect longer decision windows for buyers and sellers; combined with the market temperature described as neutral, this suggests moderate liquidity where transactions occur but at a measured pace.
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The $1,700 median market rent and an observed up rent year-over-year trend reinforce steady rental demand for SFR and condo stock, while interest rate pressure is characterized as moderate (local 30-year fixed averages near 6.5%), which may temper investor leverage but not fully stall rental market strength.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Charlotte, NC 28205 Real Estate Market Report
ZIP Code: 28205
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the Charlotte 28205 area are averaging approximately 6.5%, reflecting a stable market environment compared to the 6.0% to 6.5% range observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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median sold price $367,500 is the clearest indicator of current market value for 28205 and suggests modest appreciation consistent with transaction activity; listing expectations are slightly below recent transaction levels given the median listing price $359,000, which may indicate occasional pricing friction between seller expectations and completed sales. neutral
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The market shows slower sales velocity with a median days on market 290, which appears to reflect longer decision timelines rather than a collapse in demand; this longer duration may favor buyers who can be selective while still competing for well-priced inventory. balanced
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Unit-level economics remain solid with a median price per square foot $312 alongside a median market rent $1,600, supporting continued interest from owner-occupiers and renter demand as rents are trending up; investors should evaluate cashflow against local financing conditions. up
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Macro headwinds are moderate: the market temperature is reported as neutral while interest rate pressure is moderate and local 30-year fixed mortgage rates are noted at approximately 6.5%, which may temper rapid price acceleration but not halt transactions in this otherwise stabilized market. moderate
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold at market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 0.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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