Charlotte, NC 28226 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

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

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 901,000, which signals where transactions are clearing and aligns with a price year-over-year trend of up, indicating modest appreciation in realized sale prices.
2. There is a notable spread between median listing price 719,900 and median sold price 901,000, which may indicate pricing friction or sellers adjusting expectations; this gap appears to reflect that asking prices are not the sole determinant of transaction prices and requires careful contract-level negotiation.
3. The median days on market 221 points to slower sales velocity and extended marketing times for SFR and condominium properties in the area; this longer time to contract suggests buyers are taking more time to transact and sellers may need to plan for extended holding periods (slower sales velocity).
4. Rental fundamentals remain supportive: median market rent 1,509 with a rent year-over-year trend of up, while interest rate conditions reflect elevated pressure—Current 30-year fixed mortgage rates averaging 6.37% to 6.68%—which may temper buyer affordability and contribute to cautious market behavior (elevated interest rate pressure).

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.