Cornelius Real Estate Market Update November 2017

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for November 2017

Cornelius Homes
In November 2017 38 homes sold in the Cornelius area, a 5% decrease from the 40 Cornelius homes sold in October 2017. November 2017 sales figures increased 2.7% from November 2016 when 37 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 27.3% from $454,991 in October to $579,352 in November. The November 2017 average sales price increased 12.5% from the November 2016 average sales price which was $515,128.

Average days on the market increased 21% from 38 days in October to 46 days on the market in November. The November 2016 average days on the market were 77, a 40.3% decrease in market time from one year ago.

Currently there are 138 active homes for sale in the Cornelius real estate market, down 15.9% from November. The average list price is $1,015,6363 up 2.1% from the November average list price of $994,384. 60 Cornelius homes are currently under contract, down 16.7% from November. Based on these statistics, 3.6 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 November 2017 29 condos/townhomes sold in the Cornelius real estate market, a 52.6% increase from the 19 Cornelius condos or townhomes sold in October 2017. November 2017 sales figures increased 31.8% from November 2016 when 22 Cornelius condos sold.

The average sales price decreased 1.7% from $214,513 in October 2017 to $210,862 in November 2017. The November 2017 average sales price increased 9.6% from the November 2016 average sales price which was $192,381.

Average days on the market increased 43.8% from 16 in October to 23 in November. November 2016 average days on the market were 37, a decrease of 37.8% market time from one year ago.

Currently there are 12 active condo/townhomes for sale in the Cornelius real estate market, a 9.1% increase from the 11 Cornelius condos for sale in November. The average list price is $327,091, down .3% from November’s average list price of $328,155. 12 Cornelius condos/townhomes are currently under contract, a 63.6% decrease from November. Based on these figures, .4 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In November 2017 1 lots sold in the Cornelius area, a 0% decrease from the 1 Cornelius lots sold in October 2017. November 2017 sales figures decreased 83.3% from November 2016 when 6 Cornelius lots sold.

The average sales price decreased 11.9% from $975,000 in October to $859,000 in November. The November 2017 average sales price increased 36.2% from the November 2016 average sales price which was $630,833.

Average days on the market increased 8875% from 8 in October to 718 in November. The November 2016 average days on the market were 111, a 547% increase in market time versus the same time period last year.

Currently there are 25 active lot listings in the Cornelius real estate market, a decrease of 13.8% from November. The average list price is $863,838, up 5.3% from November’s average list price of $820,484. 5 Cornelius lots are currently under contract, a 0% increase from November. Based on these numbers, 25 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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