Charlotte, NC 28262 Real Estate Market Report

ZIP Code: 28262
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the median sold price in Charlotte, NC (ZIP: 28262) stands at $373,500, reflecting a market that has shown signs of stability amidst a backdrop of elevated inventory levels. The neighborhood has increased 8% since 2023, indicating a positive trend in property values despite the current market dynamics. The market appears to be transitioning from previous frenzy conditions to a more balanced state, characterized by moderate sales activity and increasing buyer negotiation power.

The median days on market is notably high at 216 days, suggesting slower sales velocity and a potential disconnect between seller expectations and buyer readiness. While the median listing price is $364,000, the gap between listing and sold prices may indicate pricing friction as sellers adjust to the evolving market conditions. Overall, the market temperature is currently classified as neutral, reflecting a balance between supply and demand, yet with signs of potential softening due to elevated interest rate pressure.

---

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

---

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 near Charlotte NC are around 6.01% as of mid-February 2026, which is slightly lower than the 6.23% average seen just a week prior, presenting a marginal cost opportunity for recent borrowers.

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

---

Key Findings

1. The median sold price of $373,500 indicates a strengthening market, having increased 8% since 2023.

2. With 216 days on market, properties are experiencing slower sales velocity, suggesting a need for strategic pricing adjustments.

3. The median listing price of $364,000 shows a notable gap compared to sold prices, indicating potential pricing friction in the market.

4. Current market conditions are classified as neutral, suggesting a balanced environment between buyers and sellers.

5. The median market rent of $1,970 reflects a year-over-year decline, indicating a softening rental market that may influence buyer sentiment.

---

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.