Charlotte, NC 28277 Real Estate Market Report

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

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

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.

Market Trends & Context

Key Findings

1. The primary gauge of recent market value is the median sold price, which stands at $685,500, indicating realized transaction levels that buyers have recently paid; given the market temperature is neutral, this median sold price suggests a modestly firm valuation in the current cycle.
2. There is a measurable spread between the median listing price ($600,000) and the median sold price ($685,500), which may indicate pricing friction where seller expectations differ from recent transaction levels; this dynamic appears in a market described as balanced to slightly warm.
3. Liquidity appears slower given the median days on market of 144, which should be interpreted as reduced market velocity rather than outright market weakness; combined with the reported sample characterization of relatively constrained active supply, this suggests sellers can still achieve close-to-ask outcomes but transactions are taking longer to close. elevated interest rate pressure is present and likely contributing to extended time on market.
4. Local income and rental indicators show support for rental demand: median market rent is $1,860 and rent year-over-year trend is up, while price year-over-year trend is also up; investors should weigh the positive rent momentum against the elevated interest rate pressure when evaluating acquisition timing or financing strategy.

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.