Charlotte, NC 28277 Real Estate Market Report

ZIP Code: 28277
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.

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. $649,450 is the neighborhood's median sold price, which serves as the primary indicator of market value and suggests modest price appreciation consistent with recent transactions; given the neutral market temperature, sellers should price competitively to align with realized sale values.

2. $632,450 is the median listing price, creating a modest gap against the median sold price that may indicate pricing friction or sellers testing demand; agents should emphasize recent comparable sales to justify higher asks and expedite closings.

3. 168 days median days on market points to slower sales velocity compared with brisk markets and suggests that time-on-market is a material consideration for pricing and negotiation strategies; sellers may need staged improvements or targeted marketing to reduce exposure time.

4. $1,828 median market rent alongside a up rent year-over-year trend suggests continued rental demand—investors should consider hold strategies where cashflow and appreciation expectations align, while also factoring in elevated interest rate pressure at approximately 6.5% for 30-year fixed loans in Charlotte, NC.

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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 28277 Real Estate Market Report

ZIP Code: 28277
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

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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.

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. median sold price: 325,000 is the primary market-value signal and indicates recent transaction levels are centered around this price, making it the most reliable anchor for valuation and underwriting decisions in the ZIP code.

2. median sold price: 325,000 sits above the median listing price: 304,750, which suggests a pattern where executed sales are exceeding asking expectations and pricing realization appears favorable for sellers on executed transactions.

3. median days on market: 254 is lengthy and points to slower sales velocity; this longer marketing period may indicate increased time required to achieve the representative recent sale price and suggests pricing friction or buyer selectivity in the current cycle.

4. interest rate pressure: elevated combined with a market temperature: neutral context implies financing headwinds are present while overall balance between buyers and sellers remains stable; investors and owner-occupiers should factor in the reported ~6.5% 30-year fixed rate environment when stress-testing affordability and hold-period assumptions.

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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.