Charlotte, NC 28211 Real Estate Market Report

ZIP Code: 28211
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

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.

---

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, are averaging 6.5%, reflecting a stable but elevated interest rate environment for property owners in this market compared to earlier 2026 benchmarks.

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

---

Key Findings

1. The neighborhood's primary market indicator is the median sold price of $899,000, which best reflects recent transaction activity and current market value in this ZIP code.

2. There is a notable divergence between the median listing price of $1,199,000 and the median sold price of $899,000, which may indicate pricing friction and seller expectations above realized transaction levels.

3. The median days on market of 231 signals slower sales velocity, suggesting buyers may have increased negotiation power even as transaction activity remains measurable.

4. Price year-over-year trend is up and rent year-over-year trend is up while market temperature is neutral and interest rate pressure is moderate; the market shows measured appreciation with a median price per square foot of $378 and 30-year mortgage rates averaging 6.5%, conditions that may restrain rapid price acceleration.

---

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.

Charlotte, NC 28211 Real Estate Market Report

ZIP Code: 28211
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 Charlotte, NC, are averaging 6.5%, reflecting a stable but elevated interest rate environment for property owners in this market compared to earlier 2026 benchmarks.

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

---

Key Findings

1. Median sold price 283,302 is the primary indicator of market value and recent transactions; this level suggests modest appreciation versus asking levels and provides a reliable pricing anchor for offers and comps, with sold-price strength supporting near-term list-to-sale guidance.

2. Median days on market 287 points to slower sales velocity relative to typical suburban cycles and may indicate increased buyer negotiation power or prolonged transaction timelines; factor this into contract contingencies and appraisal timing, with longer time-to-contract expected on average.

3. Median listing price 275,000 sits below the median sold price, highlighting a pricing gap that may reflect seller concessions or selective buyer competition; consider using priced-to-market listings or staged improvements to close the gap, as pricing friction appears present.

4. Market conditions show a neutral market temperature with price year-over-year trend up and rent year-over-year trend up, while interest rate pressure moderate (current average 30-year fixed ~6.5%) suggests financing remains a headwind; expect steady demand from local growth but plan for rate-sensitive buyers and stress-test financing scenarios when underwriting offers.

---

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.