Charlotte, NC 28211 Real Estate Market Report

ZIP Code: 28211
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: 28211) stands at $892,000, reflecting a market that has stabilized after a period of rapid appreciation. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market dynamics. Despite this decline in sold prices, the median listing price is notably higher at $1,100,000, suggesting that sellers may have elevated expectations compared to current market realities.

Transaction activity appears moderate, with elevated inventory levels contributing to a median days on market of 166. This extended time frame may indicate slower sales velocity, as buyers exercise more negotiating power in a market transitioning toward equilibrium. The overall market temperature is neutral, suggesting a balanced environment where both buyers and sellers may find opportunities, albeit with caution due to the current economic landscape.

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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, around 5.75% to 6.15%, are slightly lower than the 6.06% to 6.20% averages seen earlier in 2026, presenting a modest cost-saving 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 $892,000 indicates a recent decline, suggesting softening buyer demand.

2. With a median listing price of $1,100,000, there is a notable pricing gap that may create friction in negotiations.

3. The median days on market of 166 reflects slower sales velocity, allowing buyers more time to consider their options.

4. The median market rent is $2,540, which is trending up, indicating potential strength in rental demand.

5. Current interest rates are around 5.75% to 6.15%, presenting a modest cost-saving opportunity for new financing.

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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.