Cornelius NC Real Estate

Cornelius Real Estate Market Stats for August 2018

Cornelius Homes
In August 2018 73 homes sold in the Cornelius real estate market, a 19.7% increase from the 61 Cornelius homes sold in July 2018. August 2018 sales figures increased 49% from August 2017 when 49 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 13.8% from $469,793 in July to $534,474 in August. August 2018 average sales price increased 5.8% from the August 2017 average sales price which was $505,190.

Average days on the market increased 116% from 37 days in July to 80 days on the market in August. The August 2017 average days on the market were also 47, a 70% increase in market time from one year ago.

Currently there are 168 active homes for sale in the Cornelius real estate market, up 1.8% from August. The average list price of active listings is $890,067 down 6.9% from the August average list price of $956,151. 53 Cornelius homes are currently under contract, down 33.8% from August. Based on these statistics, 2.3 months of inventory, we are currently in a sellers real estate market in Cornelius.

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Cornelius Condos & Townhomes
In August 2018 27 condos/townhomes sold in the Cornelius real estate market, a 32.5% decrease from the 40 Cornelius condos or townhomes sold in July. August 2018 sales figures decreased 12.9% from August 2017 when 31 Cornelius condos sold.

The average sales price increased 1% from $226,478 in July to $228,643 in August. The August 2018 average sales price increased 19.1% from the August 2017 average sales price which was $191,990.

Average days on the market increased 92% from 12 in July to 23 in August. The August 2017 average days on the market were 32, a decrease of 28.1% market time from one year ago.

Currently there are 44 active condo/townhomes for sale in the Cornelius real estate market, a 4.3% decrease from the 46 Cornelius condos for sale in August. The average list price is $388,460, up 5.1% from August’s average list price of $369,448. 35 Cornelius condos/townhomes are currently under contract, a 0% decrease from August. Based on these figures, 1.6 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In August 4 lots sold in the Cornelius area, a 300% increase from the 0 Cornelius lots sold in July. August 2018 sales figures decreased 0% from August 2017 when 4 Cornelius lots sold.

The average sales price decreased 37.7% from $195,000 in July to $121,563 in August. The August 2018 average sales price decreased 67.9% from the August 2017 average sales price which was $378,125.

Average days on the market decreased 5.8% from 103 in July to 97 in August. The August 2017 average days on the market were 330, a 70.6% decrease in market time versus the same time period last year.

Currently there are 30 active lot listings in the Cornelius real estate market, a decrease of 3.2% from August. The average list price is $767,028, down 2.8% from August’s average list price of $788,995. 8 Cornelius lots are currently under contract, a 0% decrease from August. Based on these numbers, 7.5 months of inventory, we are in a balanced market for Cornelius lots for sale.

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