Charlotte, NC 28270 Real Estate Market Report

ZIP Code: 28270
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Charlotte, NC (ZIP: 28270) is currently $685,000, reflecting a stable market condition. The neighborhood has increased up since 2023, indicating a positive trend in home values. Despite this appreciation, the market is experiencing elevated inventory levels, which may suggest a shift towards a more balanced state, providing buyers with increased leverage in negotiations.

Transaction activity appears moderate, with properties spending an average of 160 days on market. This extended time frame may indicate slower sales velocity, potentially leading to pricing friction as sellers adjust expectations. Overall, the market temperature is neutral, suggesting that while home values are stable, the dynamics of supply and demand are currently balanced, allowing for both buyer and seller considerations.

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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 around 5.99% are notably lower than the average 6.24% seen in early 2026, presenting a cost opportunity for recent buyers.

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 median sold price of $685,000 indicates a stable market with slight appreciation.

2. Properties are taking an average of 160 days on market, suggesting slower sales velocity.

3. The median listing price of $699,000 shows a gap compared to sold prices, indicating potential pricing friction as sellers adjust expectations.

4. The median market rent is $2,720, which has been trending down, reflecting a shift in rental demand.

5. Current mortgage rates at around 5.99% present a cost opportunity for buyers compared to the average rate of 6.24%.

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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.