Cornelius Real Estate Market Update April 2018

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for April 2018

Cornelius Homes
In April 2018 56 homes sold in the Cornelius area, a 47.4% increase from the 38 Cornelius homes sold in March 2018. April 2018 sales figures increased 5.7% from April 2017 when 53 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 16.6% from $528,292 in March to $615,888 in April. The April 2018 average sales price increased 40.4% from the April 2017 average sales price which was $438,696.

Average days on the market decreased 26.2% from 61 days in March to 45 days on the market in April. The April 2017 average days on the market were 63, an 28.6% decrease in market time from one year ago.

Currently there are 166 active homes for sale in the Cornelius real estate market, up 16.1% from April. The average list price is $967,694 up 3.1% from the April average list price of $938,768. 106 Cornelius homes are currently under contract, down 1.9% from April. Based on these statistics, 3.0 months of inventory, we are currently in a sellers real estate 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 2018 26 condos/townhomes sold in the Cornelius real estate market, a 13% increase from the 23 Cornelius condos or townhomes sold in March. April 2018 sales figures decreased 18.8% from April 2017 when 32 Cornelius condos sold.

The average sales price increased 4.2% from $231,402 in March  to $241,110 in April. The April 2018 average sales price increased 6.9% from the April 2017 average sales price which was $225,505.

Average days on the market decreased 20% from 20 in March to 16 in April. April 2017 average days on the market were 39, a decrease of 59% market time from one year ago.

Currently there are 46 active condo/townhomes for sale in the Cornelius real estate market, an 84% increase from the 25 Cornelius condos for sale in April. The average list price is $367,476, up 43% from April’s average list price of $257,070. 35 Cornelius condos/townhomes are currently under contract, a 0% decrease from April. Based on these figures, 1.8 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In April 1 lots sold in the Cornelius area, a 50% decrease from the 2 Cornelius lots sold in March. April 2018 sales figures decreased 75% from April 2017 when 4 Cornelius lots sold.

The average sales price increased 394% from $161,000 in March to $795,000 in April. The April 2018 average sales price increased 49% from the April 2017 average sales price which was $535,000.

Average days on the market increased 75% from 4 in March to 7 in April. The April 2017 average days on the market were 211, a 97% decrease in market time versus the same time period last year.

Currently there are 34 active lot listings in the Cornelius real estate market, an increase of 13.3% from April. The average list price is $780,772, up 5% from April’s average list price of $743,738. 7 Cornelius lots are currently under contract, a 133% increase from April. Based on these numbers, 34 months of inventory, we are in a buyers market for Cornelius lots for sale.

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


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