Cornelius Real Estate Market Update January 2017

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

Cornelius Homes
In January 2017 33 homes sold in the Cornelius area, a 41.1% decrease from the 56 Cornelius homes sold in December 2016. January 2017 sales figures increased 26.9% from January 2016 when 26 homes sold in the Cornelius area.

The average sales price in Cornelius increased 31% from $482,544 in December to $632,049 in January. The January 2017 average sales price increased 46.5% from the January 2016 average sales price which was $431,387.

Average days on the market decreased 36.5% from 74 days in December to 47 days on the market in January. The January 2016 average days on the market were 71, a 33.8% decrease in market time from one year ago.

Currently there are 152 active homes for sale in the Cornelius MLS area, up .7% from January. The average list price is $976,002 up 13.4% from the January average list price of $860,797. 76 Cornelius homes are currently under contract, up 18.75% from January. Based on these statistics, 4.6 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 January 2017 19 condos/townhomes sold in the Cornelius area, a 17.4% decrease from the 23 Cornelius condos or townhomes sold in December. January 2017 sales figures increased 90% from January 2016 when 10 Cornelius condos sold.

The average sales price increased 7.2% from $185,674 in December 2016 to $199,092 in January 2017. The January 2017 average sales price increased 13.4% from the January 2016 average sales price which was $175,576.

Average days on the market increased 23.1% from 39 in December to 48 in January. January 2016 average days on the market were 38, an increase of 26.3% market time from one year ago.

Currently there are 42 active condo/townhomes for sale in the Cornelius MLS area, a 23.5% increase from the 34 Cornelius condos for sale in January. The average list price is $247,313, down 5.8% from January’s average list price of $262,657. 45 Cornelius condos/townhomes are currently under contract, a 25% increase from January. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In January 2017 2 lots sold in the Cornelius area, a 33% decrease from the 3 Cornelius lots sold in December 2016. January 2017 sales figures increased 200% from January 2016 when 0 Cornelius lots sold.

The average sales price decreased 61.8% from $921,667 in December to $352,500 in January. The January 2017 average sales price increased NA% from the January 2016 average sales price which was $NA.

Average days on the market decreased 22.1% from 235 in December to 183 in January. The January 2016 average days on the market were NA, a NA% increase in market time versus the same time period last year.

Currently there are 26 active lot listings in the Cornelius MLS area, a decrease of 0% from January. The average list price is $787,723, down 5.4% from January’s average list price of $832,762. 8 Cornelius lots are currently under contract, a 11.1% decrease from January. Based on these numbers, 13 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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