Charlotte, NC 28214 Real Estate Market Report
ZIP Code: 28214
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
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 6.5%, which is 0.5% higher than the 6.0% average observed for typical loans in this area earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator of recent market value is the median sold price of $339,900, which, when taken alongside a median listing price of $360,000, suggests a pricing gap that may indicate seller optimism versus completed transactions and moderate pricing friction in the market.
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Liquidity appears muted with a median days on market of 190, which signals slower sales velocity and suggests buyers have time to negotiate rather than immediate bidding pressure.
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Pricing density remains solid at a median price per square foot of $198, reinforcing that recent transactions are supporting near-current asking-price positioning despite the slower velocity and neutral market temperature.
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Rent fundamentals are firm with a median market rent of $1,979 and a rent year-over-year trend of up, while interest rate pressure is elevated and current 30-year fixed mortgage rates are 6.5%, which may constrain some buyer affordability and favor investors focused on rental income growth.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Charlotte, NC 28214 Real Estate Market Report
ZIP Code: 28214
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
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 6.5%, which is 0.5% higher than the 6.0% average observed for typical loans in this area earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market value indicator is the 127,450 median sold price, which reflects recent transaction activity and suggests modest price appreciation consistent with broader price trends being up.
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Pricing density in realized transactions is moderate: the 111 median price per square foot indicates how buyers are valuing living area and should be used as the primary comparator when underwriting comps or setting aggressive vs. conservative offer strategies.
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Rental fundamentals show upside pressure: the 975 median market rent is rising alongside a rent year-over-year trend that is up, which may support investor interest where cashflow and rent escalation assumptions align with this rent level.
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Financing and market liquidity are contributing constraints: current mortgage costs are meaningful—6.5% 30-year fixed rates are in place while interest rate pressure is described as elevated—this environment may increase buyer sensitivity to pricing and suggests sellers should expect more negotiation despite a neutral market temperature.
Notable Properties
The following 5 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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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