Charlotte, NC 28217 Real Estate Market Report

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.

Market Metrics

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

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

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 469,000, which establishes transaction-level pricing and suggests recent closed deals are anchoring neighborhood value; notably the median sold price is higher than the median listing price which may indicate pricing friction or competitive bids on representative recent sales.
2. Despite asking prices, the median days on market of 249 points to slower sales velocity and suggests extended marketing timelines—this longer time on market may indicate buyers have more time to evaluate listings and negotiate, contributing to moderate liquidity conditions.
3. Price momentum remains positive with the price year‑over‑year trend listed as up, while the market temperature is neutral, indicating a more balanced market where transaction outcomes can vary by price band and condition rather than a uniformly one‑sided market.
4. Borrowing conditions are a headwind: interest rate pressure is flagged as elevated, and Current 30-year fixed mortgage rates in Charlotte, NC, are averaging approximately 6.6% as of June 2026, which may temper buyer affordability and slow down price acceleration despite the up rent and price trends.

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.