Cornelius Real Estate Market Update March 2018

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

Cornelius Homes
In March 2018 38 homes sold in the Cornelius area, a 26.7% increase from the 30 Cornelius homes sold in February 2018. March 2018 sales figures decreased 24% from March 2017 when 50 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 15.2% from $622,621 in February to $528,292 in March. The March 2018 average sales price decreased 1% from the March 2017 average sales price which was $533,061.

Average days on the market decreased 29.9% from 87 days in February to 61 days on the market in March. The March 2017 average days on the market were 73, an 16.4% decrease in market time from one year ago.

Currently there are 143 active homes for sale in the Cornelius real estate market, down 4% from March. The average list price is $938,768 down 3.1% from the March average list price of $968,330. 108 Cornelius homes are currently under contract, up 7% from March. Based on these statistics, 3.8 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 March 2018 23 condos/townhomes sold in the Cornelius real estate market, a 4.5% increase from the 22 Cornelius condos or townhomes sold in February. March 2018 sales figures decreased 37.8% from March 2017 when 37 Cornelius condos sold.

The average sales price increased 20.6% from $191,857 in February to $231,402 in March. The March 2018 average sales price increased 15.2% from the March 2017 average sales price which was $200,885.

Average days on the market increased 186% from 7 in February to 20 in March. March 2017 average days on the market were 47, a decrease of 57.4% market time from one year ago.

Currently there are 25 active condo/townhomes for sale in the Cornelius real estate market, a 13.8% decrease from the 29 Cornelius condos for sale in March. The average list price is $257,070, up 1% from March’s average list price of $254,722. 35 Cornelius condos/townhomes are currently under contract, a 2.8% decrease from March. Based on these figures, 1.1 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In March 2 lots sold in the Cornelius area, a 200% increase from the 0 Cornelius lots sold in February. March 2018 sales figures increased 100% from March 2017 when 1 Cornelius lots sold.

The average sales price increased NA% from $NA in February to $161,000 in March. The March 2018 average sales price decreased 26% from the March 2017 average sales price which was $217,500.

Average days on the market increased NA% from NA in February to 4 in March. The March 2017 average days on the market were 64, a 94% decrease in market time versus the same time period last year.

Currently there are 30 active lot listings in the Cornelius real estate market, an increase of 0% from March. The average list price is $743,738, down 12% from March’s average list price of $844,584. 3 Cornelius lots are currently under contract, a 25% decrease from March. Based on these numbers, 15 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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