Charlotte, NC 28213 Real Estate Market Report

ZIP Code: 28213
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.

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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

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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 the 28213 area are approximately 6.4%, which remains consistent with the 6.0% to 6.5% range observed for typical loans originated earlier in 2026.

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 neighborhood's representative recent sale is 326,450, which should be treated as the primary indicator of current market value and realized transaction pricing; this median sold price reflects completed market activity and anchors valuation judgments more reliably than asking prices.

2. There is a noticeable gap between the median listing price of 359,900 and the median sold price of 326,450, which may indicate seller price aspirations above recent transaction levels and pricing friction that could give buyers negotiating leverage in individual deals.

3. Slower sales velocity is evident: the median days on market is 239, which suggests transactions are taking longer to close and that the market is moving toward balanced conditions rather than rapid turnover; combined with a relatively constrained active supply, this appears to support modest price stability rather than rapid appreciation.

4. Macro and demand context: local prices and rents are trending higher—price year-over-year trend is up and rent year-over-year trend is up—while interest rate pressure is described as moderate and local 30-year fixed rates are reported around 6.4%, a factor buyers and investors should incorporate into affordability and carrying-cost assessments.

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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.

Charlotte, NC 28213 Real Estate Market Report

ZIP Code: 28213
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.

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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 the 28213 area are approximately 6.4%, which remains consistent with the 6.0% to 6.5% range observed for typical loans originated earlier in 2026.

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 primary market signal is the $155,000 median sold price, which represents the most reliable indicator of recent transaction value and suggests current market value for SFR and condo closings in 28213; note that the $170,000 median listing price sits above the median sold price, which may indicate pricing friction or elevated seller expectations rather than realized market value.

2. Extended selling timelines are evident with a 398 days median days on market, which implies slower sales velocity and that properties may require price adjustments or stronger marketing to achieve timely closings; this longer timeline appears consistent with the market temperature being neutral and suggests balanced negotiation leverage between buyers and sellers.

3. Pricing depth by space shows a $167/sqft median price per square foot alongside a $1,300 median market rent; with price year-over-year trend up and rent year-over-year trend up, investors should weigh rental income potential against acquisition pricing without assuming rapid capital appreciation.

4. Interest-rate context remains a headwind with current 30-year fixed mortgage rates in the area noted at 6.4%, and interest rate pressure labeled as moderate; combined with neutral market temperature, this suggests cautious buyer activity that may prolong time-to-sale, so sellers should consider targeted concessions or staged pricing to maintain competitiveness.

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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.