Cornelius Real Estate Market Update March 2019

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

Cornelius Homes
In March 2019 43 homes sold in the Cornelius real estate market, a 105% increase from the 21 Cornelius homes sold in February 2019. March 2019 sales figures increased 13.2% from March 2018 when 38 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased by 35.8% from $727,057 in February to $467,100 in March. March 2019 average sales price decreased 11.6% from the March 2018 average sales price which was $528,292.

Average days on the market decreased by 10.4% from 77 days in February to 69 days on the market in March. The March 2018 average days on the market were 61, a 13.1% increase in market time from one year ago.

Currently, there are 157 active homes for sale in the Cornelius real estate market, up 3.5% from March. The average list price of active listings is $909,049 down 7.7% from the March average list price of $984,731. There are 90 Cornelius homes currently under contract, up 23.3% from March. Based on these statistics, 1.2 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 March 2019 27 condos/townhomes sold in the Cornelius real estate market, a 125% increase from the 12 Cornelius condos or townhomes sold in February 2019. March 2019 sales figures increased 17.4% from March 2018 when 23 Cornelius condos sold.

The average sales price decreased by 11% from $236,675 in February to $210,649 in March. The March 2019 average sales price decreased 9% from the March 2018 average sales price which was $231,402.

Average days on the market decreased by 41% from 68 in February to 40 in March. The March 2018 average days on the market were 20, an increase of 100% market time from one year ago.

Currently, there are 63 active condo/townhomes for sale in the Cornelius real estate market, a 16.7% increase from the 54 Cornelius condos for sale in March. The average list price is $336,069, up .4% from March’s average list price of $334,709. 39 Cornelius condos/townhomes are currently under contract, an 8.3% increase from March. Based on these figures, 1 month of inventory, we are currently in a seller’s market for Cornelius condos.

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

The average sales price decreased by 51% from $712,500 in February to $348,500 in March. The March 2019 average sales price increased 116% from the March 2018 average sales price which was $161,000.

Average days on the market decreased by 58% from 180 in February 2019 to 76 in March 2019. The March 2018 average days on the market were 4, an 1800% increase in market time versus the same time period last year.

Currently, there are 22 active lot listings in the Cornelius real estate market, an increase of 38% from March. The average list price is $837,809, down 3.7% from March’s average list price of $870,425. There are 9 Cornelius lots currently under contract, a 10% decrease from March. 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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