Charlotte, NC 28262 Real Estate Market Report

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

---

Executive Overview

The median sold price in Charlotte, NC (ZIP: 28262) is currently $358,450, reflecting a stable market despite a modest price appreciation trend observed over the past year. This indicates that the neighborhood has increased in value, suggesting a resilient demand for properties in the area. However, the market is experiencing a shift towards balance as elevated inventory levels are meeting strong early spring buyer activity, leading to a more neutral market temperature overall.

Transaction velocity appears to be slower, with properties spending a median of 235 days on market. This extended timeframe may indicate pricing friction as sellers adjust their expectations in response to current market conditions. The elevated interest rate pressure, with current mortgage rates averaging around 6.38%, is contributing to affordability challenges, which may further impact buyer sentiment and market liquidity in the coming months.

---

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 in the Charlotte NC 28262 area average around 6.38% compared to a January 2026 average of 5.99%, indicating property owners locked in a favorable rate recently.

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 $358,450 indicates stable market conditions despite recent price appreciation.

2. Properties are taking a median of 235 days on market, suggesting slower sales velocity and potential pricing adjustments.

3. The market temperature is currently neutral, indicating balanced conditions between supply and demand.

4. Elevated interest rate pressure is impacting affordability, with current mortgage rates around 6.38%, which may suppress buyer activity.

5. The median market rent stands at $1,970, reflecting a potential shift in rental demand dynamics as prices stabilize.

---

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.