Cornelius Real Estate Market Update March 2017

Cornelius Real Estate Market Update August 2014
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Cornelius Real Estate Market Stats for March 2017

Cornelius Homes
In March 2017 51 homes sold in the Cornelius area, a 143% increase from the 21 Cornelius homes sold in February 2017. March 2017 sales figures increased 2% from March 2016 when 50 homes sold in the Cornelius area.

The average sales price in Cornelius increased 27.5% from $414,170 in February to $528,148 in March. The March 2017 average sales price increased 11% from the March 2016 average sales price which was $475,861.

Average days on the market decreased 12.2% from 82 days in February to 72 days on the market in March. The March 2016 average days on the market were also 72, a 0% decrease in market time from one year ago.

Currently there are 178 active homes for sale in the Cornelius MLS area, up 6% from March. The average list price is $992,865 down .4% from the March average list price of $997,167. 103 Cornelius homes are currently under contract, up 0% from March. Based on these statistics, 5.5 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 March 2017 37 condos/townhomes sold in the Cornelius area, a 76% increase from the 21 Cornelius condos or townhomes sold in February 2017. March 2017 sales figures increased 60.9% from February 2016 when 23 Cornelius condos sold.

The average sales price decreased 10% from $223,238 in February 2017 to $200,885 in March 2017. The March 2017 average sales price decreased 2.5% from the March 2016 average sales price which was $205,978.

Average days on the market decreased 16.1% from 56 in February to 47 in March. March 2016 average days on the market were 75, an decrease of 37.3% market time from one year ago.

Currently there are 33 active condo/townhomes for sale in the Cornelius MLS area, an 8.3% decrease from the 36 Cornelius condos for sale in March. The average list price is $266,368, up 9.8% from March’s average list price of $242,602. 49 Cornelius condos/townhomes are currently under contract, a 7.5% decrease from March. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In March 2017 1 lots sold in the Cornelius area, a 66.7% decrease from the 3 Cornelius lots sold in February 2017. March 2017 sales figures decreased 66.7% from March 2016 when 3 Cornelius lots sold.

The average sales price decreased 58.2% from $520,917 in February to $217,500 in March. The March 2017 average sales price decreased 47.8% from the March 2016 average sales price which was $416,667.

Average days on the market decreased 67.8% from 199 in February to 64 in March. The March 2016 average days on the market were 170, a 62.4% decrease in market time versus the same time period last year.

Currently there are 32 active lot listings in the Cornelius MLS area, an increase of 28% from March. The average list price is $1,207,653,down 2.4% from March’s average list price of $1,237,596. 5 Cornelius lots are currently under contract, a 44.4% decrease from March. Based on these numbers, 37 months of inventory, we are in a buyers 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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