Charlotte, NC 28227 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

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

Key Findings

1. $506,000 is the median sold price and is the primary indicator of recent market value and completed transactions in ZIP 28227; with the market temperature reported as neutral, this median sold price points to a stabilizing, balanced environment rather than a rapidly moving market.
2. 175 median days on market indicates slower sales velocity and may signal pricing friction or longer decision times for buyers; paired with a price year-over-year trend of flat, sellers should expect measured listing-to-closing timelines rather than quick turnovers.
3. $439,000 median listing price sits below the median sold price, creating an upward spread that suggests competitive bidding on representative recent sales or that higher-end closed transactions are influencing the median sold price; monitor listing-to-sold spreads for persistent pricing divergence.
4. $1,675 median market rent and $211 median price per square foot provide the local valuation backdrop for both SFR and condo assets; with rent year-over-year trend up and interest rate pressure moderate (current 30-year fixed mortgage rates approximately 6.6%), underwriters should incorporate modest rent growth and moderate interest rate pressure into near-term financing and yield assumptions.

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.