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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.

Analysis Window
90 Days
Total Properties Analyzed
167
Active Listings
63
Sold Properties
104

Market Metrics

Median Listing Price
$360,000
Median Sold Price
$339,900
Median Price per Sqft
$198/sqft

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

Median Market Rent
$1,979

Property Taxes

Property Tax Rate
0.71%

Liquidity & Velocity

Median Days on Market
190
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

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

  1. 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.

  2. 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.

  3. 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.

  4. 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

10819 Mount Holly Rd, Charlotte, NC 28214
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
1 baths
1,010 sqft
$6,416,000
Mar 1, 2026
$6,352/sqft/sqft
389 Creston Cir, Charlotte, NC 28214
Premium

Sold above market average

4 beds
3 baths
3,208 sqft
$6,416,000
Mar 1, 2026
$2,000/sqft/sqft
10809 Mount Holly Rd, Charlotte, NC 28214
Premium

Sold above market average

3 beds
2 baths
1,656 sqft
$6,416,000
Mar 1, 2026
$3,874/sqft/sqft
138 Kingsway Cir, Charlotte, NC 28214
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds
2 baths
2,262 sqft
$340,000
Feb 1, 2026
$150/sqft/sqft
118 days on market
9136 Creedmore Hills Dr, Charlotte, NC 28214
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
1,793 sqft
$340,000
Apr 1, 2026
$190/sqft/sqft
308 days on market
1139 Vine Cliff Ln, Charlotte, NC 28214
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
2,220 sqft
$335,000
Mar 1, 2026
$151/sqft/sqft
182 days on market
1517 Summerville Rd, Charlotte, NC 28214
Value

Sold below market average

3 beds
1 baths
1,122 sqft
$175,000
Feb 1, 2026
$156/sqft/sqft
114 days on market
412 Morningside Rd, Charlotte, NC 28214
Value

Sold below market average

3 beds
2 baths
1,780 sqft
$160,000
Apr 1, 2026
$90/sqft/sqft
270 days on market

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.

Analysis Window
90 Days
Total Properties Analyzed
104
Active Listings
0
Sold Properties
104

Market Metrics

Median Listing Price
$0
Median Sold Price
$127,450
Median Price per Sqft
$111/sqft

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

Median Market Rent
$975

Property Taxes

Property Tax Rate
0.64%

Liquidity & Velocity

Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

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

  1. 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.

  2. 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.

  3. 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.

  4. 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

6322 Old Dowd Rd, Charlotte, NC 28214
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
1 baths
900 sqft
$180,000
Oct 1, 2025
$200/sqft/sqft
9101 Troon Ln Unit B, Charlotte, NC 28214
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
1,302 sqft
$143,000
Sep 1, 2025
$110/sqft/sqft
260 days on market
9156 Black Heath Cir Unit B, Charlotte, NC 28214
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
1,088 sqft
$136,000
May 1, 2025
$125/sqft/sqft
1547 days on market
9129 Troon Ln Unit C, Charlotte, NC 28214
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
1,088 sqft
$109,000
Jul 1, 2025
$100/sqft/sqft
420 days on market
9129 Troon Ln Unit C, Charlotte, NC 28214
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
1,088 sqft
$109,000
Jul 1, 2025
$100/sqft/sqft
420 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$4/mo
28214 Avg Rent
28214 Cost to Own
Rent$1,979
Own$1,983

20% down, 6.3% rate, 0.7% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

28214 Avg nightly rate
28214 Avg occupancy (days/year)
Nightly rate$180/night
Occupancy121 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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