Cornelius Real Estate Market Update April 2017

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for April 2017

Cornelius Homes
In April 2017 52 homes sold in the Cornelius area, a 2% increase from the 51 Cornelius homes sold in March 2017. April 2017 sales figures increased 20.9% from April 2016 when 43 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 16.3% from $528,148 in March to $442,267 in April. The April 2017 average sales price decreased .3% from the April 2016 average sales price which was $443,690.

Average days on the market decreased 11.1% from 72 days in March to 64 days on the market in April. The April 2016 average days on the market were 59, an 8.5% increase in market time from one year ago.

Currently there are 181 active homes for sale in the Cornelius MLS area, up 1.7% from April. The average list price is $1,003,619 up 1.1% from the April average list price of $992,865. 116 Cornelius homes are currently under contract, up 12.6% from April. Based on these statistics, 3.5 months of inventory, we are currently in a sellers market in Cornelius.

It is a great time to sell Cornelius real estate! Request a free market analysis or keep updated on the Cornelius real estate market for free at LakeNormanHomePrices.com

Cornelius Condos & Townhomes
In April 2017 32 condos/townhomes sold in the Cornelius area, a 13.5% decrease from the 37 Cornelius condos or townhomes sold in March 2017. April 2017 sales figures increased 45.5% from April 2016 when 22 Cornelius condos sold.

The average sales price increased 12.3% from $200,885 in March 2017 to $225,505 in April 2017. The April 2017 average sales price increased 31.9% from the April 2016 average sales price which was $170,991.

Average days on the market decreased 17% from 47 in March to 39 in April. April 2016 average days on the market were 23, an increase of 69.6% market time from one year ago.

Currently there are 35 active condo/townhomes for sale in the Cornelius MLS area, a 6.1% increase from the 33 Cornelius condos for sale in April. The average list price is $256,403, down 3.7% from April’s average list price of $266,368. 47 Cornelius condos/townhomes are currently under contract, a 4.1% decrease from April. Based on these figures, 1.1 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In April 2017 4 lots sold in the Cornelius area, a 300% increase from the 1 Cornelius lots sold in March 2017. April 2017 sales figures increased 100% from April 2016 when 2 Cornelius lots sold.

The average sales price increased 146% from $217,500 in March to $535,000 in April. The April 2017 average sales price increased 174% from the April 2016 average sales price which was $195,500.

Average days on the market increased 230% from 64 in March to 211 in April. The April 2016 average days on the market were 118, a 78.8% increase in market time versus the same time period last year.

Currently there are 31 active lot listings in the Cornelius MLS area, an decrease of 3% from April. The average list price is $1,131,416, down 6.3% from April’s average list price of $1,207,653. 6 Cornelius lots are currently under contract, a 20% increase from April. Based on these numbers, 7.8 months of inventory, we are in a balanced market for Cornelius lots for sale.

Would you like to stay up to date on the Cornelius real estate market: Free Cornelius Real Estate Market Updates


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