Cornelius Real Estate Market Update May 2017

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for May 2017

Cornelius Homes
In May 2017 53 homes sold in the Cornelius area, a 1.9% increase from the 52 Cornelius homes sold in April 2017. May 2017 sales figures increased 1.9% from May 2016 when 53 homes sold in the Cornelius area.

The average sales price in Cornelius increased 37.2% from $442,267 in April to $606,700 in May. The May 2017 average sales price increased 33.4% from the May 2016 average sales price which was $454,730.

Average days on the market increased 20.3 from 64 days in April to 77 days on the market in May. The May 2016 average days on the market were 61, a 26.2% increase in market time from one year ago.

Currently there are 196 active homes for sale in the Cornelius MLS area, up 8.3% from May. The average list price is $929,595 down 7.4% from the May average list price of $1,003,619. 110 Cornelius homes are currently under contract, down 5.2% from May. Based on these statistics, 3.6 months of inventory, we are currently in a sellers 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 May 2017 38 condos/townhomes sold in the Cornelius area, an 18.8% increase from the 32 Cornelius condos or townhomes sold in April 2017. May 2017 sales figures increased 35.7% from May 2016 when 28 Cornelius condos sold.

The average sales price decreased 12.7% from $225,505 in April 2017 to $196,947 in May 2017. The May 2017 average sales price increased 4.7% from the May 2016 average sales price which was $188,136.

Average days on the market decreased 20.5% from 39 in April to 31 in May. May 2016 average days on the market were 45, a decrease of 31.1% market time from one year ago.

Currently there are 18 active condo/townhomes for sale in the Cornelius MLS area, a 48.6% decrease from the 35 Cornelius condos for sale in May. The average list price is $264,205, up 3% from May’s average list price of $256,403. 54 Cornelius condos/townhomes are currently under contract, a 14.9% increase from May. Based on these figures, .5 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In May 2017 0 lots sold in the Cornelius area, a 100% deincrease from the 4 Cornelius lots sold in April 2017. May 2017 sales figures decreased 100% from May 2016 when 2 Cornelius lots sold.

The average sales price increased NA% from $535,000 in April to $NA in May. The May 2017 average sales price decreased NA% from the May 2016 average sales price which was $1,071,500.

Average days on the market increased NA% from 211 in April to NA in May. The May 2016 average days on the market were 13, an NA% increase in market time versus the same time period last year.

Currently there are 29 active lot listings in the Cornelius MLS area, a decrease of 9.4% from May. The average list price is $1,100,479, down 2.7% from May’s average list price of $1,131,416. 8 Cornelius lots are currently under contract, a 33% increase from May. Based on these numbers, 29 months of inventory, we are in a buyers market for Cornelius lots for sale.

Would you like to stay up to date on the Cornelius real estate market: Free Cornelius Real Estate Market Updates


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