Charlotte, NC 28270 Real Estate Market Report

ZIP Code: 28270
Report Date: May 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.

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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.

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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.

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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.

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Property Taxes

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Liquidity & Velocity

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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 6.5%, reflecting a stable market environment for property owners in this area compared to earlier in 2026.

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

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Key Findings

1. The neighborhood's primary market value indicator, median sold price, is $642,500, which signals the representative recent sale level and should be prioritized over asking prices when assessing offer strategy; given the higher median listing price of $675,000, sellers appear to be positioning above realized transaction levels and buyers may find room to negotiate.

2. Pricing momentum shows a price year-over-year trend of up, and with median price per square foot at $264, underwriters and investors should treat recent sales as the clearest evidence of value; price appreciation suggests selective price resilience for purchasable assets.

3. Market liquidity appears restrained by slower transaction velocity: the median days on market is 190, which suggests lengthier marketing periods and that sellers may need to accommodate contingencies or incentives to achieve contract performance; this longer time-to-contract may indicate moderate negotiating leverage for buyers.

4. Macro and rental context: median market rent is $1,558 and rent year-over-year trend is up, supporting continued rental demand, while interest rate pressure is elevated (current 30-year fixed rates near 6.5%), so financing costs may compress buyer pool and extend time-to-sale—monitor rate movement closely when timing acquisitions; elevated interest rate pressure increases underwriting caution.

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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 28270 Real Estate Market Report

ZIP Code: 28270
Report Date: May 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.

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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.

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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.

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Rental Market

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Property Taxes

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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.

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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 6.5%, reflecting a stable market environment for property owners in this area compared to earlier in 2026.

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

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Key Findings

1. The primary market indicator, the median sold price, is 212,000, signaling the representative recent sale level for SFR and condo transactions in ZIP 28270; paired with a very long median days on market of 713, this suggests slower sales velocity and meaningful time-to-contract for sellers.

2. Price momentum is mixed: year-over-year price direction is up while rent direction is up, indicating modest appreciation in condo pricing and supportive rental demand, which may help sustain values for investors and owner-occupiers.

3. Liquidity and supply dynamics in the analyzed sample point to a relatively constrained active supply in recent transactions, which may preserve pricing power for well-priced listings, but the long sales timelines imply persistent pricing friction rather than a rapid market.

4. Macro and financing context shows elevated interest rate pressure with current 30-year fixed mortgage rates averaging approximately 6.5%, which may temper buyer affordability and negotiations despite neutral market temperature (neutral).

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Notable Properties

The following 5 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.