Charlotte, NC 28215 Real Estate Market Report

ZIP Code: 28215
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The market in Charlotte, NC (ZIP: 28215) is currently characterized by a median sold price of $350,000, reflecting a stable market environment. The neighborhood has not experienced significant price fluctuations recently, as indicated by a flat price year-over-year trend. This stability suggests that the market is transitioning towards a neutral footing, allowing for a more balanced negotiation landscape between buyers and sellers.

Inventory conditions indicate elevated inventory levels, with a notable median days on market of 142 days, pointing to slower sales velocity. This extended time frame may suggest that buyers are exercising greater caution, potentially leading to pricing friction as sellers adjust their expectations to align with market realities. Overall, the combination of a neutral market temperature and elevated interest rate pressure indicates a cautious yet stable environment for prospective buyers and investors.

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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

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.

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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 Charlotte NC 28215 area around 5.75% to 6.375% are notably lower than the 2026 historical average of 6.21%, presenting a potential cost-saving opportunity for recent refinancers.

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 median sold price of $350,000 reflects a stable market, with no significant price fluctuations observed recently.

2. With median days on market at 142, the market is experiencing slower sales velocity, indicating a potential shift in buyer behavior.

3. Inventory levels are elevated, suggesting that buyers have more options and negotiating power in the current market.

4. The median listing price of $399,945 shows a notable gap compared to the sold price, indicating potential pricing friction as sellers adjust expectations.

5. The neutral market temperature suggests a balanced environment, where neither buyers nor sellers hold a distinct advantage.

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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.