Charlotte, NC 28277 Real Estate Market Report

ZIP Code: 28277
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Charlotte, NC (ZIP: 28277) is currently characterized by a median sold price of $645,000, reflecting a stable market despite recent fluctuations. The neighborhood has increased 0% since 2023, indicating a plateau in pricing after a period of rapid growth. This stability in sold prices suggests that buyers and sellers are finding common ground, although the elevated median days on market of 139 days indicates a slower sales velocity, which may be attributed to ongoing affordability challenges stemming from elevated interest rates.

Inventory conditions are showing signs of improvement, with elevated inventory levels relative to sales activity. This excess supply may provide buyers with increased negotiation power, particularly in segments where demand is tempered by higher borrowing costs. The median listing price stands at $642,500, closely aligned with the sold price, suggesting that sellers are adjusting their expectations to match market realities. Overall, the market temperature remains neutral, reflecting a balance between buyer and seller activity, albeit with caution due to the current economic landscape.

---

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

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.

---

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 Charlotte NC around 6.375% are higher than the recent 2026 average of approximately 5.68% seen just days ago.

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

---

Key Findings

1. $645,000 is the median sold price, indicating stable pricing in the market.

2. 139 days on the market reflects a slower sales velocity, suggesting potential pricing friction.

3. $642,500 is the median listing price, closely aligned with sold prices, indicating seller adjustments to market conditions.

4. The market temperature is neutral, suggesting a balanced environment between buyers and sellers.

5. Elevated interest rates are contributing to elevated interest rate pressure, impacting buyer affordability.

---

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.