Charlotte, NC 28273 Real Estate Market Report

ZIP Code: 28273
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: 28273) is $370,500, reflecting a stable market despite the challenges posed by elevated mortgage rates. The neighborhood has increased 0% since 2023, indicating a plateau in pricing as the market adjusts to current economic conditions. This stabilization is further underscored by the median days on market, which stands at 164 days, suggesting a slower sales velocity and a shift towards a more balanced market environment.

Inventory levels appear elevated relative to sales activity, with a notable median listing price of $388,500 indicating seller expectations that may not align with current buyer sentiment. The overall market temperature is described as neutral, suggesting that while demand remains, it is tempered by affordability challenges and elevated interest rate pressure, which currently ranges between 5.75% to 6.15% for 30-year fixed mortgages. This context may lead to pricing friction as buyers navigate their options in a market characterized by excess supply relative to sales activity.

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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

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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 5.75% to 6.15%, are notably lower than the 6.75% average rate seen for similar 2026 originations.

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. $370,500 is the median sold price, indicating stable market conditions despite elevated mortgage rates.

2. The median days on market is 164 days, suggesting a slower sales velocity and potential pricing friction.

3. Inventory levels are elevated, with a median listing price of $388,500, which may not align with buyer expectations.

4. The market temperature is neutral, reflecting balanced conditions in terms of supply and demand.

5. Interest rate pressure remains elevated, impacting buyer affordability and overall market dynamics.

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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.