Charlotte, NC 28216 Real Estate Market Report

ZIP Code: 28216
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Charlotte, NC (ZIP: 28216) stands at $348,000, reflecting a stable market environment. The neighborhood has increased 8% since 2022, indicating a positive trend in property values despite the current market dynamics. While the median listing price is higher at $364,950, this gap suggests ongoing pricing friction as sellers adjust expectations in response to market conditions.

Current inventory levels appear elevated, with a notable disparity between active listings and sold properties. The median days on market is 158, indicating slower sales velocity and a potential shift in buyer negotiating power. The market temperature remains neutral, suggesting a balanced environment where both buyers and sellers may need to recalibrate their strategies to align with current market realities.

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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 Charlotte NC around 6.15% are approximately 0.6% higher than the average rates of 5.5% seen for similar loans 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. $348,000 is the median sold price, reflecting a positive trend with an increase of 8% since 2022.

2. The median listing price of $364,950 indicates potential pricing friction as sellers adjust to market conditions.

3. With 158 days on the market, sales velocity is slower, suggesting a shift in buyer negotiating power.

4. Elevated inventory levels indicate excess supply relative to sales activity, impacting overall market liquidity.

5. The market temperature is neutral, suggesting a balanced environment for both buyers and sellers.

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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.