Cornelius Real Estate Market Update January 2019

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

Cornelius Homes
In January 2019 26 homes sold in the Cornelius real estate market, a 39.5% decrease from the 43 Cornelius homes sold in December 2018. January 2019 sales figures decreased 25.7% from January 2018 when 35 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 3.4% from $517,246 in December to $499,436 in January. January 2019 average sales price increased 11% from the January 2018 average sales price which was $450,030.

Average days on the market increased 26.3% from 76 days in December to 96 days on the market in January. The January 2018 average days on the market were 48, a 100% increase in market time from one year ago.

Currently there are 133 active homes for sale in the Cornelius real estate market, up 11.8% from January. The average list price of active listings is $980,899 down .8% from the January average list price of $989,176. There are 58 Cornelius homes currently under contract, up 26% from January. Based on these statistics, 5.1 months of inventory, we are currently in a balanced 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 January 2019 10 condos/townhomes sold in the Cornelius real estate market, a 44.4% decrease from the 18 Cornelius condos or townhomes sold in December 2018. January 2019 sales figures decreased 16.7% from January 2018 when 12 Cornelius condos sold.

The average sales price increased 3.1% from $234,187 in December to $241,400 in January. The January 2019 average sales price increased 19.1% from the January 2018 average sales price which was $202,742.

Average days on the market decreased 69.4% from 49 in December to 15 in January. The January 2018 average days on the market were 16, a decrease of 6.3% market time from one year ago.

Currently there are 54 active condo/townhomes for sale in the Cornelius real estate market, a 10.2% increase from the 49 Cornelius condos for sale in January. The average list price is $331,203, down 3.8% from January’s average list price of $344,147. 33 Cornelius condos/townhomes are currently under contract, a 50% increase from January. Based on these figures, 5.4 months of inventory, we are currently in a balanced market for Cornelius condos.

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

The average sales price increased NA% from $NA in December to $607,500 in January. The January 2019 average sales price decreased 23.5% from the January 2018 average sales price which was $793,920.

Average days on the market increased NA% from 20 in December 2018 to 28 in January 2019. The January 2018 average days on the market were 81, an 65.4% decrease 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 16% from January. The average list price is $640,310, up 4.1% from January’s average list price of $615,020. There are 7 Cornelius lots currently under contract, a 12.5% decrease from January. Based on these numbers, very limited Cornelius land inventory, we are in a sellers 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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