Cornelius Real Estate Market Update May 2018

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

Cornelius Homes
In May 2018 55 homes sold in the Cornelius area, a 1.8% decrease from the 56 Cornelius homes sold in April 2018. May 2018 sales figures increased 3.8% from May 2017 when 53 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 3.8% from $615,888 in April to $592,398 in May. May 2018 average sales price decreased 2.4% from the May 2017 average sales price which was $606,700.

Average days on the market increased 51% from 45 days in April to 68 days on the market in May. The May 2017 average days on the market were 77, an 11.7% decrease in market time from one year ago.

Currently there are 173 active homes for sale in the Cornelius real estate market, up 16% from May. The average list price is $964,692 down .3% from the May average list price of $967,694. 103 Cornelius homes are currently under contract, down 2.8% from May. Based on these statistics, 3.1 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 May 2018 31 condos/townhomes sold in the Cornelius real estate market, a 19% increase from the 26 Cornelius condos or townhomes sold in April. May 2018 sales figures decreased 18% from May 2017 when 38 Cornelius condos sold.

The average sales price decreased 12% from $241,110 in April to $212,437 in May. The May 2018 average sales price increased 7.9% from the May 2017 average sales price which was $196,947.

Average days on the market increased 25% from 16 in March to 20 in April. April 2017 average days on the market were 31, a decrease of 35.5% market time from one year ago.

Currently there are 39 active condo/townhomes for sale in the Cornelius real estate market, a 15% decrease from the 46 Cornelius condos for sale in May . The average list price is $402,975, up 9.7% from May’s average list price of $367,476. 53 Cornelius condos/townhomes are currently under contract, a 51% increase from May. Based on these figures, 1.3 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In May 1 lots sold in the Cornelius area, a 0% decrease from the 1 Cornelius lots sold in April. May 2018 sales figures increased 100% from May 2017 when 0 Cornelius lots sold.

The average sales price decreased 86.2% from $795,000 in March to $110,000 in April. The April 2018 average sales price increased NA% from the April 2017 average sales price which was $NA.

Average days on the market increased 57% from 7 in April to 11 in May. The May 2017 average days on the market were NA, a NA% decrease in market time versus the same time period last year.

Currently there are 36 active lot listings in the Cornelius real estate market, an increase of 6% from May. The average list price is $815,199, up 4.4% from May’s average list price of $780,772. 9 Cornelius lots are currently under contract, a 29% increase from May. Based on these numbers, 36 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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