Charlotte, NC 28211 Real Estate Market Report

ZIP Code: 28211
Report Date: March 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: 28211) is $849,500, indicating a robust market despite broader economic pressures. The neighborhood has increased in value, reflecting a strong demand relative to the available supply. The elevated median listing price of $1,005,000 suggests that sellers are optimistic, although the gap between listing and sold prices may indicate some pricing friction as buyers navigate affordability challenges.

Market activity shows a median of 244 days on market, which points to slower sales velocity and a more deliberate buying process. This extended time frame may suggest that buyers are taking their time to evaluate options amidst elevated interest rate pressure, which is currently affecting affordability across the region. Overall, while the market remains active, the balance of supply and demand appears to be shifting, leading to a more cautious approach from potential buyers.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 6.375% to 6.73%, which is 0.5% to 0.85% higher than the low-end 2026 origination rates seen near 5.500% to 6.250% for property owners in this market.

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 $849,500 reflects strong market activity, indicating robust demand despite economic pressures.

2. With a median listing price of $1,005,000, there is notable pricing friction as sellers remain optimistic amid buyer affordability challenges.

3. The median days on market of 244 suggests a slower sales velocity, indicating that buyers are taking longer to make purchasing decisions.

4. The market temperature is currently neutral, suggesting a balanced environment where neither buyers nor sellers have a distinct advantage.

5. Elevated interest rate pressure is impacting buyer affordability, which may lead to downward adjustments in pricing expectations in the near term.

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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.