Charlotte, NC 28205 Real Estate Market Report

ZIP Code: 28205
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Charlotte, NC (ZIP: 28205) stands at $520,000, reflecting a stable market environment. This price point indicates a solid foundation for home values, especially as the market has shown a positive trend with prices moving up recently. The neighborhood has experienced a balanced market with a notable 146 days on market, suggesting a slower sales velocity but not necessarily weak demand.

Inventory levels appear elevated relative to sales activity, with a significant number of active listings compared to sold properties. This excess supply may provide buyers with increased negotiating power, while sellers may need to adjust their expectations accordingly. The market temperature remains neutral, indicating a stable environment where both buyers and sellers can find opportunities without extreme pressure from either side.

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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.

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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.

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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.

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Property Taxes

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Liquidity & Velocity

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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 Charlotte NC around 5.75% to 6.375% are slightly below the recent 2026 averages of 6.12% to 6.64% seen earlier this year, presenting a modest cost opportunity for new financing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $520,000 reflects a stable market, indicating strong home values in the area.

2. With 146 days on market, the sales velocity appears slower, suggesting a more deliberate buying process.

3. Inventory levels are elevated relative to sales activity, indicating excess supply in the market.

4. The median listing price of $549,950 suggests a pricing gap that may require adjustments from sellers to align with buyer expectations.

5. Market temperature is neutral, indicating a balanced environment for both buyers and sellers.

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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.