Charlotte, NC 28216 Real Estate Market Report

ZIP Code: 28216
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.

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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

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Property Taxes

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Liquidity & Velocity

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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 28216 area are approximately 6.4%, reflecting a stable market environment for property owners compared to the 6.0% to 6.5% range observed earlier in 2026.

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 primary indicator of recent transaction value is the median sold price, with 339,900 representing the most reliable reflection of what buyers actually paid in the market—this suggests using median sold price as the anchor for valuation decisions rather than asking prices. contextual

2. There is a measurable gap between the median listing price (355,000) and the median sold price (339,900), which may indicate seller expectations are above recent transaction levels and could create pricing friction that buyers may exploit in negotiations.

3. Slower sales velocity is evident from the median days on market of 211, which, combined with a neutral market temperature and the observed sample inventory relationship, suggests balanced market conditions where buyers have more time to evaluate listings and sellers should be prepared for longer listing periods.

4. Interest-rate conditions and rental trends should be factored into strategy: interest rate pressure is characterized as moderate with current 30‑year fixed mortgage rates around 6.4%, while rents are trending up and the median market rent is 1,700, supporting continued demand from renters and investors evaluating cash flow versus financing costs.

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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.

Charlotte, NC 28216 Real Estate Market Report

ZIP Code: 28216
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.

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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

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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 28216 area are approximately 6.4%, reflecting a stable market environment for property owners compared to the 6.0% to 6.5% range observed earlier in 2026.

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 primary market signal is the median sold price—303,000—which should be treated as the representative recent sale value for valuation and underwriting decisions and is based on analyzed transactions in the area (representative recent sale).

2. The market temperature is neutral, suggesting a balanced negotiation environment where sellers and buyers can both achieve reasonable outcomes and pricing friction appears limited (neutral).

3. Price year-over-year trend is flat, indicating limited upward pressure on sold prices while rent year-over-year trend is up, which may support steady demand from investors focused on rental income (flat).

4. Interest rate pressure is moderate and current mortgage conditions note that Current 30-year fixed mortgage rates in the 28216 area are approximately 6.4%, reflecting a stable environment compared to the 6.0% to 6.5% range earlier in 2026; alongside a median market rent of 1,295, this suggests financing costs are a meaningful but not destabilizing input for buyers and owners (moderate).

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