Cornelius NC Real Estate

May 2015 Cornelius Real Estate Market Update

Cornelius Homes
In May 2015 63 homes sold in the Cornelius area, a 37% increase from the 46 homes sold in April 2015 and the highest May total since 2006. May 2015 sales figures increased 26% from May 2014 when 50 homes sold in the Cornelius area.

The average sales price increased 33.3% from $363,273 in April to $484,347 in May. The May 2015 average sales price decreased 6% from the May 2014 average sales price which was $456,932.

Average days on the market decreased 19.7% from 66 days in April to 53 days on the market in May. The May 2014 average days on the market were 104, a 49% decrease in market time.

Currently there are 277 homes for sale in the Cornelius MLS area, up 3% from May. The average list price is $789,716 up 6.9% from the May average list price of $738,986. 105 Cornelius homes are currently under contract, up 2% from May.

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Cornelius Condos & Townhomes
In May 2015 32 condos/townhomes sold in the Cornelius area, a 12.5% increase from the 28 condos or townhomes sold in April 2015. May 2015 sales figures increased 28% from May 2014 when 25 Cornelius condos sold.

The average sales price increased 6.8% from $171,162 in April 2015 to $182,859 in May 2015. May 2015 average sales price increased 1.1% from the May 2014 average sales price which was $180,866.

Average days on the market decreased 39.5% from 86 in April to 52 in May. May 2014 average days on the market were 71, a decrease of 26.8%.

Currently there are 155 condo/townhomes for sale in the Cornelius MLS area, a 13% increase from the 137 Cornelius condos for sale in May. The average list price is $212,646, down 1.5% from May’s average list price of $215,835. 50 Cornelius condos/townhomes are currently under contract, a 2% increase from May.

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Cornelius Lots
In May 2015 4 lot sold in the Cornelius area, a 300% decrease from the 1 lots sold in April. May 2015 sales figures increased 300% from May 2014 when 1 Cornelius lots sold.

The average sales price increased 38.6% from $368,000 in April to $599,500 in May. May 2015 average sales price decreased 33.4% from the May 2014 average sales price which was $900,000.

Average days on the market increased 20600% from 1 in April to 207 in May. May 2014 average days on the market were 165, a 25.5% increase in market time versus the same time period last year.

Currently there are 49 lots for sale in the Cornelius MLS area, a decrease of 3.9% from May. The average list price is $649,831, up 5.2% from May’s average list price of $617,833. 8 Cornelius lots are currently under contract, a 20% decrease from May.

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