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

As of February 2026, the real estate market in Charlotte, NC (ZIP: 28215) is characterized by a median sold price of $350,000, reflecting a stable market despite a recent shift towards equilibrium. The neighborhood has increased up since 2023, indicating a positive trend in property values. However, the market is experiencing elevated inventory levels, which may suggest a slower sales velocity as the number of active listings exceeds the number of sold properties in the analyzed sample.

The median days on market stands at 151 days, indicating a longer time frame for properties to sell, which further supports the notion of a balanced market. While the median listing price is $389,000, the significant gap between listing and sold prices may indicate pricing friction as sellers adjust expectations to align with current market realities. Overall, the market temperature is described as neutral, reflecting a stable environment with moderate transaction activity and a slight decline in rental prices.

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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 average around 6.00% compared to the 2026 average of 6.8%.

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 suggests a stable market despite elevated inventory levels.

2. With 151 days on market, properties are experiencing slower sales velocity, indicating a potential adjustment period for sellers.

3. The median listing price of $389,000 presents a notable gap compared to sold prices, which may create pricing friction in the market.

4. The median market rent is $1,691, reflecting a down trend year-over-year, which may impact rental demand.

5. The overall market temperature is neutral, suggesting balanced conditions with moderate transaction volume.

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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.