Charlotte, NC 28278 Real Estate Market Report

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

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Executive Overview

As of February 2026, the median sold price in Charlotte, NC (ZIP: 28278) stands at $519,999, reflecting a stable market despite recent fluctuations. The neighborhood has increased 0% since 2023, indicating a period of price stabilization. The market shows signs of a balanced state, with buyers gaining some leverage as interest rates remain a psychological barrier to aggressive purchasing.

Transaction activity appears moderate, with 177 days on market suggesting slower sales velocity. Elevated inventory levels indicate excess supply relative to sales activity, which may contribute to the extended time properties are spending on the market. The median listing price of $548,000 presents a notable gap compared to the median sold price, indicating potential pricing friction as sellers adjust expectations to align with current market realities.

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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 around 5.86% are notably lower than the 6.62% average observed earlier in 2026, presenting a cost opportunity for recent refinancers.

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. The median sold price of $519,999 reflects a stable market, with no significant change since 2023.

2. Properties are spending an average of 177 days on market, indicating a slower sales velocity and potential buyer caution.

3. The median listing price of $548,000 suggests pricing friction, as it exceeds the median sold price, indicating seller expectations may need adjustment.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may influence future pricing strategies.

5. The market temperature remains neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

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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.