Charlotte home prices from Myers Park to Steele Creek are in flux, report finds
Charlotte home prices rose slightly in February compared to the same time last year, although certain neighborhoods had significant swings up or down, according to the latest data from the real estate site Redfin.
Across the city, February prices climbed 1.5% year-over-year, reaching a median price of $416,000. However, the market is moving at a slow pace. The average home for sale now sits for 88 days, a significant jump from 54 days last year.
Sales volume also dipped slightly, with 750 homes sold this February compared to 761 last year.
Myers Park home prices jumped 51.1% from a year earlier, with a median sale price in February of $1.7 million, according to Redfin. Homes took an average of 55 days to sell, up from 40 days last year.
The neighborhood saw 36 sales in February, compared with 33 a year ago.
Smallwood followed with 16.3% price jump compared to last year and a median price of $520,000. Eastover was next with a 15.8% increase and median sales price of $1.7 million.
While the citywide home price trend is upward, some neighborhoods saw significant price drops between February 2025 and February 2026, according to the latest available data from Redfin. Here are some of them.
Plaza Midwood home prices
Despite being considered a competitive market by Redfin, Plaza Midwood led the city in home price decrease from February 2025 and February 2026.
- Median sales price: $775,000 (a 16.7% decrease year-over-year)
- Days on market: 68 days (up from 56 last year)
- Sales volume: 17 homes sold (up from 16 last year)
Ballantyne West home prices
Prices in this popular suburban area saw a moderate cooling.
- Median sales price: $430,000 (a 6.7% decrease)
- Days on market: 53 days (up from 43 last year)
- Sales volume: 43 homes sold (down from 50 last year)
Steele Creek home prices
The east side of Steel Creek, which includes homes in the 28273 ZIP code, according to Redfin’s mapping guide, saw a slight decline in both price and buyer activity.
- Median sales price: $365,000 (a 2% decrease)
- Days on market: 73 days (up from 52 last year)
- Sales volume: 75 homes sold (down from 96 last year)
Southeast Charlotte
This area experienced a minor price dip while seeing an increase in total sales.
Under Redfin mapping, this area includes neighborhood designation that largely centers on the Ballantyne and Providence areas. The area is bounded by the Interstate 485/Providence Road interchange and extends south to the South Carolina state line.
- Median sales price: $525,000 (a 1.8% decrease)
- Days on market: Approximately 70 days
- Sales volume: 212 homes sold (up from 192 last year)
Charlotte real estate expert offers advice
Yongqiang Chu, director of the Childress Klein Center for Real Estate at UNC Charlotte, cautioned buyers about neighborhood-level home price rates. “In Charlotte, there’s not much (price) dropping at all,” Chu said.
When working with a small sample size, comparing roughly 100 transactions this year to 100 last year isn’t necessarily apples to apples, he said. The mix of homes sold could have changed significantly in size and quality, Chu added.
For example, if a neighborhood sells 10 small houses this year, but 10 luxury mansions were sold last year, the median price will look like it crashed even if the actual value of homes hasn’t changed.
Chu attributed the slower activity in early 2026 to high interest rates and an unusually cold winter, which kept many prospective buyers away from open houses in January and February.
