Cornelius Real Estate Market Update January 2018

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

Cornelius Homes
In January 2018 34 homes sold in the Cornelius area, a 24.4% decrease from the 45 Cornelius homes sold in December 2017. January 2018 sales figures decreased 2.9% from January 2017 when 35 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 10.2% from $508,109 in December to $456,443 in January 2018. The January 2018 average sales price decreased 28.5% from the January 2017 average sales price which was $638,429.

Average days on the market decreased 34.2% from 74 days in December to 48 days on the market in January 2018. The January 2017 average days on the market were 44, a 9.1% increase in market time from one year ago.

Currently there are 124 active homes for sale in the Cornelius real estate market, down 2.4% from January. The average list price is $1,108,690 up .9% from the January average list price of $1,098,912. 76 Cornelius homes are currently under contract, up 29% from January. Based on these statistics, 3.7 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 2018 12 condos/townhomes sold in the Cornelius real estate market, a 36.8% decrease from the 19 Cornelius condos or townhomes sold in December 2017. January 2018 sales figures decreased 36.8% from January 2017 when 19 Cornelius condos sold.

The average sales price decreased 10.4% from $226,397 in December 2017 to $202,742 in January 2018. The January 2018 average sales price increased 1.8% from the January 2017 average sales price which was $199,092.

Average days on the market decreased 50% from 32 in December to 16 in January 2018. January 2017 average days on the market were 48, a decrease of 66.7% market time from one year ago.

Currently there are 21 active condo/townhomes for sale in the Cornelius real estate market, a 50% increase from the 14 Cornelius condos for sale in January. The average list price is $283,638, down 5.3% from January’s average list price of $299,749. 30 Cornelius condos/townhomes are currently under contract, a 7% increase from January. Based on these figures, 1.8 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In January 2018 2 lots sold in the Cornelius area, a 100% increase from the 1 Cornelius lots sold in December 2017. January 2018 sales figures decreased 0% from January 2017 when 2 Cornelius lots sold.

The average sales price decreased 3.2% from $820,000 in December to $793,920 in January 2018. The January 2018 average sales price increased 125% from the January 2017 average sales price which was $352,500.

Average days on the market increased 1.3% from 80 in December to 81 in January 2018. The January 2017 average days on the market were 183 a 56% decrease in market time versus the same time period last year.

Currently there are 22 active lot listings in the Cornelius real estate market, a decrease of 8.3% from January. The average list price is $860,839, down 3.1% from January’s average list price of $888,686. 5 Cornelius lots are currently under contract, a 67% increase from January. Based on these numbers, 11 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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