Charlotte, NC 28278 Real Estate Market Report

ZIP Code: 28278
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Charlotte, NC (ZIP: 28278) is currently characterized by a median sold price of $525,000, reflecting a stable market environment. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. Despite this appreciation, the market is experiencing median days on market of 215, suggesting slower sales velocity and a potential need for sellers to adjust expectations in light of elevated inventory levels.

With a median listing price of $592,375, there exists a notable gap between asking prices and actual sold prices, which may indicate pricing friction as sellers navigate the current market dynamics. The overall market temperature is classified as neutral, suggesting a balanced environment where demand is supported by a strong local economy and ongoing migration, yet tempered by moderate interest rate pressure and 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

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.

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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.

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Key Findings

1. The median sold price of $525,000 reflects a stable market, with prices showing resilience amidst changing conditions.

2. With median days on market at 215, the market is experiencing slower sales velocity, indicating potential adjustments needed by sellers.

3. The median listing price of $592,375 highlights a gap compared to sold prices, suggesting pricing friction in the current market.

4. The market temperature is neutral, indicating a balanced environment with stable demand and supply dynamics.

5. The median market rent stands at $2,770, providing insights into rental market stability amidst overall market conditions.

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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.