Cornelius Real Estate Market Update April 2019

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for April 2019

Cornelius Homes
In April 2019 36 homes sold in the Cornelius real estate market, a 16.3% decrease from the 43 Cornelius homes sold in March 2019. April 2019 sales figures decreased 35.7% from April 2018 when 56 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased by 27.9% from $467,100 in March to $597,350 in April. April 2019 average sales price decreased 3% from the April 2018 average sales price which was $615,888.

Average days on the market decreased by 13% from 69 days in March to 60 days on the market in April. The April 2018 average days on the market were 45, a 33% increase in market time from one year ago.

Currently, there are 153 active homes for sale in the Cornelius real estate market, down 2.5% from April. The average list price of active listings is $940,063 up 3.4% from the April average list price of $909,049. There are 104 Cornelius homes currently under contract, up 15.5% from April. Based on these statistics, 1.1 months of inventory, we are currently in a seller’s 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 April 2019 19 condos/townhomes sold in the Cornelius real estate market, a 30% decrease from the 27 Cornelius condos or townhomes sold in March 2019. April 2019 sales figures decreased 27% from April 2018 when 26 Cornelius condos sold.

The average sales price increased by 11% from $210,649 in March to $233,818 in April. The April 2019 average sales price decreased 3% from the April 2018 average sales price which was $241,110.

Average days on the market decreased by 0% from 40 in March to 40 in April. The April 2018 average days on the market were 16, an increase of 150% market time from one year ago.

Currently, there are 61 active condo/townhomes for sale in the Cornelius real estate market, a 3.2% decrease from the 63 Cornelius condos for sale in April. The average list price is $291,483, down 13.3% from April’s average list price of $336,069. 37 Cornelius condos/townhomes are currently under contract, a 5.1% decrease from April. Based on these figures, 1.1 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In April 2019 1 lots sold in the Cornelius area, a 50% decrease from the 2 Cornelius lots sold in March 2019. April 2019 sales figures increased 0% from April 2018 when 1 Cornelius lots sold.

The average sales price decreased by 54% from $348,500 in March to $160,000 in April. The April 2019 average sales price decreased 80% from the April 2018 average sales price which was $795,000.

Average days on the market increased by 256% from 76 in March 2019 to 271 in April 2019. The April 2018 average days on the market were 7, a 3771% increase in market time versus the same time period last year.

Currently, there are 21 active lot listings in the Cornelius real estate market, a decrease of 4.5% from April. The average list price is $874,367, up 4.4% from April’s average list price of $837,809. There are 8 Cornelius lots currently under contract, an 11% decrease from April. Based on these numbers, very limited Cornelius land inventory, we are in a seller’s 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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