Cornelius Real Estate Market Update February 2019

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

Cornelius Homes
In February 2019 21 homes sold in the Cornelius real estate market, a 23.8% decrease from the 26 Cornelius homes sold in January 2019. February 2019 sales figures decreased 30% from February 2018 when 30 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased by 45.6% from $499,436 in January to $727,057 in February. February 2019 average sales price increased 16.8% from the February 2018 average sales price which was $622,621.

Average days on the market decreased by 24.7% from 96 days in January to 77 days on the market in February. The February 2018 average days on the market were 87, a 11.5% decrease in market time from one year ago.

Currently there are 142 active homes for sale in the Cornelius real estate market, up 7.5% from February. The average list price of active listings is $984,731 up .4% from the February average list price of $980,899. There are 73 Cornelius homes currently under contract, up 21% from February. Based on these statistics, 1.5 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 February 2019 12 condos/townhomes sold in the Cornelius real estate market, a 20% increase from the 10 Cornelius condos or townhomes sold in January 2019. February 2019 sales figures decreased 45.5% from February 2018 when 22 Cornelius condos sold.

The average sales price decreased by 2% from $241,400 in January to $236,675 in February. The February 2019 average sales price increased 23.4% from the February 2018 average sales price which was $191,857.

Average days on the market increased by 353% from 15 in January to 68 in February. The February 2018 average days on the market were 7, an increase of 871% market time from one year ago.

Currently there are 54 active condo/townhomes for sale in the Cornelius real estate market, a 0% increase from the 54 Cornelius condos for sale in February. The average list price is $334,709, up 1.1% from February’s average list price of $331,203. 36 Cornelius condos/townhomes are currently under contract, a 9% increase from February. Based on these figures, 1.3 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In February 2019 2 lots sold in the Cornelius area, a 0% increase from the 2 Cornelius lots sold in January 2019. February 2019 sales figures increased 200% from February 2018 when 0 Cornelius lots sold.

The average sales price increased 17.3% from $607,500 in January to $712,500 in February. The February 2019 average sales price decreased NA% from the February 2018 average sales price which was $NA.

Average days on the market increased 543% from 28 in January 2019 to 180 in February 2019. The February 2018 average days on the market were NA, a NA% decrease in market time versus the same time period last year.

Currently there are 16 active lot listings in the Cornelius real estate market, a decrease of 24% from February. The average list price is $870,425, up 36% from February’s average list price of $640,310. There are 10 Cornelius lots currently under contract, a 43% increase from February. 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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