Charlotte, NC 28208 Real Estate Market Report

ZIP Code: 28208
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Charlotte, NC (ZIP: 28208) reflects a median sold price of $332,000, indicating a stable market environment. The neighborhood has decreased 8% since 2022, suggesting a shift in buyer sentiment and pricing dynamics. This decline may be attributed to elevated interest rate pressure, which has created affordability challenges for potential buyers, impacting overall transaction activity and market velocity.

The current market conditions are characterized by 160 median days on market, indicating slower sales velocity and a potential buildup of inventory. With elevated inventory levels relative to sales activity, the market appears to be transitioning towards a more balanced state, moving away from the previous seller's market. The median listing price stands at $354,950, which reflects seller expectations that may not align with current buyer demand, further contributing to the neutral market temperature observed in this area.

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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

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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 average around 6.15% compared to recent 2026 averages near 5.75%, indicating property owners locked in a more favorable rate recently.

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 is $332,000, reflecting a 8% decrease since 2022, indicating potential pricing adjustments in response to market conditions.

2. With 160 median days on market, the market is experiencing slower sales velocity, suggesting that properties are taking longer to sell compared to previous periods.

3. The median listing price of $354,950 indicates a significant gap from the sold price, which may create pricing friction for sellers and buyers alike.

4. Current elevated interest rate pressure is affecting affordability, which may lead to moderate transaction volume as buyers reassess their purchasing power.

5. The median market rent is $1,691, remaining stable year-over-year, which may suggest a consistent demand for rental properties despite fluctuations in the sales market.

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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.