Charlotte, NC 28214 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

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 primary market value indicator is the median sold price 307,350, which reflects recent transaction activity and — given the gap to the median listing price 374,950 — may indicate pricing friction between seller expectations and finalized transactions.
2. The market shows slower sales velocity: the median days on market 190 suggests prolonged marketing periods and slower transaction turnover, which may require sellers to price more competitively or offer concessions to achieve timely closings.
3. Pricing momentum is positive: price year-over-year trend is up while market temperature is neutral, implying modest appreciation within a broadly balanced market; median price per square foot 186 and a flat rent trend (rent year-over-year trend is flat) support a scenario of measured growth rather than rapid acceleration — balanced conditions.
4. External financing and carry costs are a moderating factor: interest rate pressure is moderate and current 30-year fixed mortgage rates in Charlotte are reported as approximately 6.6% (noted as higher than the 6.0% to 6.3% range earlier in the year), which may slightly constrain buyer purchasing power and suggests sellers should factor financing sensitivity into pricing — higher financing costs.

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.