Cornelius Real Estate Market Update September 2017

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

Cornelius Homes
In September 2017 56 homes sold in the Cornelius area, a 14.3% increase from the 48 Cornelius homes sold in August 2017. September 2017 sales figures increased 5.7% from September 2016 when 53 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 6.2% from $498,631 in August to $467,840 in September. The September 2017 average sales price decreased 9.1% from the September 2016 average sales price which was $514,483.

Average days on the market increased 88.9% from 45 days in August to 85 days on the market in September. The September 2016 average days on the market were 49, a 73.5% increase in market time from one year ago.

Currently there are 158 active homes for sale in the Cornelius MLS area, down 7% from September. The average list price is $1,035,168 up 1.4% from the September average list price of $1,021,022. 88 Cornelius homes are currently under contract, up 4.8 from September. Based on these statistics, 2.8 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 September 2017 28 condos/townhomes sold in the Cornelius area, a 9.7% decrease from the 31 Cornelius condos or townhomes sold in August 2017. September 2017 sales figures decreased 22.2% from September 2016 when 36 Cornelius condos sold.

The average sales price increased 4.9% from $191,990 in August 2017 to $201,307 in September 2017. The September 2017 average sales price increased 1.4% from the September 2016 average sales price which was $198,575.

Average days on the market decreased 68% from 32 in August to 19 in September. September 2016 average days on the market were 57, a decrease of 66.7% market time from one year ago.

Currently there are 22 active condo/townhomes for sale in the Cornelius MLS area, a 12% decrease from the 25 Cornelius condos for sale in September. The average list price is $234,200, down 11% from September’s average list price of $263,524. 28 Cornelius condos/townhomes are currently under contract, a 16.7% increase from September. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In September 2017 2 lots sold in the Cornelius area, a 50% decrease from the 4 Cornelius lots sold in August 2017. September 2017 sales figures decreased 33% from September 2016 when 3 Cornelius lots sold.

The average sales price decreased 25% from $378,125 in August to $284,500 in September. The September 2017 average sales price decreased 60% from the September 2016 average sales price which was $711,667.

Average days on the market decreased 89% from 338 in August to 38 in September. The September 2016 average days on the market were 89, a 57.3% decrease in market time versus the same time period last year.

Currently there are 27 active lot listings in the Cornelius MLS area, a decrease of 3.6% from September. The average list price is $835,898, down 32% from September’s average list price of $1,231,580. 4 Cornelius lots are currently under contract, a 0% decrease from September. Based on these numbers, 13.5 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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