Charlotte, NC 28217 Real Estate Market Report

ZIP Code: 28217
Report Date: June 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.

---

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

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.

---

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

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, are averaging approximately 6.6% as of June 2026, reflecting a period of elevated borrowing costs compared to earlier 2026 market lows of 5.98%.

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.

Charlotte, NC 28217 Real Estate Market Report

ZIP Code: 28217
Report Date: June 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.

---

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

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.

---

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

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.

---

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, are averaging approximately 6.6% as of June 2026, reflecting a period of elevated borrowing costs compared to earlier 2026 market lows of 5.98%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The neighborhood's primary market value indicator is the median sold price of $2,359,000, which serves as the most reliable signal of recent transaction levels and market value in the area; representative recent sale may drive comparable-based pricing decisions.

2. There is a pronounced gap between the median listing price of $175,900 and the median sold price of $2,359,000, which may indicate pricing dispersion across property tiers and seller expectation mismatch rather than uniform market appreciation.

3. The median days on market of 386 suggests materially slower sales velocity and longer marketing periods, which may increase the need for targeted marketing or pricing adjustments to improve liquidity; slower transaction velocity.

4. Interest rate conditions are a clear headwind: elevated interest rate pressure is present with current 30-year fixed mortgage rates in Charlotte averaging approximately 6.6% versus earlier 2026 lows of 5.98%, which may temper buyer purchasing power even as price year-over-year trend is up and the market temperature remains neutral.

---

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.