Charlotte, NC 28211 Real Estate Market Report

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

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

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, median sold price, is $959,500, which represents the best evidence of realized market value and recent transaction activity; price year-over-year trend is up.
2. There is a pronounced spread between the median listing price and median sold price — median listing price is $1,162,250 versus the realized median sold price of $959,500 — which may indicate pricing friction and create negotiation opportunities for buyers, even though desirable homes still transact relatively quickly.
3. The median days on market of 176 points to slower sales velocity compared with historically brisk periods and suggests sellers should plan for longer marketing windows or be prepared to negotiate; this is consistent with a neutral market temperature.
4. Given elevated interest rate pressure and current 30-year fixed mortgage rates of approximately 6.5% to 6.9%, alongside a median market rent of $2,075 and an up rent year-over-year trend, investors should carefully model financing costs against rent growth before committing to acquisitions.

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.