Cornelius NC Real Estate

Cornelius Real Estate Market Stats for November 2018

Cornelius Homes
In November 2018 44 homes sold in the Cornelius real estate market, a 12.8% increase from the 39 Cornelius homes sold in October 2018. November 2018 sales figures increased 12.8% from November 2017 when 39 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 20% from $479,477 in October to $575,348 in November. November 2018 average sales price increased .7% from the November 2017 average sales price which was $571,163.

Average days on the market increased 48% from 48 days in October to 71 days on the market in November. The November 2017 average days on the market were 45, a 58% increase in market time from one year ago.

Currently there are 126 active homes for sale in the Cornelius real estate market, down 14.3% from November. The average list price of active listings is $977,599 up 2.1% from the November average list price of $957,284. There are 40 Cornelius homes currently under contract, down 37.5% from November. Based on these statistics, 2.9 months of inventory, we are currently in a sellers real estate market in Cornelius.

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Cornelius Condos & Townhomes
In November 2018 15 condos/townhomes sold in the Cornelius real estate market, a 40% decrease from the 25 Cornelius condos or townhomes sold in October. November 2018 sales figures decreased 48.3% from November 2017 when 29 Cornelius condos sold.

The average sales price increased 2.8% from $236,965 in October to $243,593 in November. The November 2018 average sales price increased 15.7% from the November 2017 average sales price which was $210,517.

Average days on the market increased 51.4% from 35 in October to 53 in November. The November 2017 average days on the market were 23, an increase of 130% market time from one year ago.

Currently there are 46 active condo/townhomes for sale in the Cornelius real estate market, a 7% increase from the 43 Cornelius condos for sale in November. The average list price is $365,056, down 2% from November’s average list price of $372,365. 24 Cornelius condos/townhomes are currently under contract, a 3.1% decrease from November. Based on these figures, 3.1 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In November 1 lots sold in the Cornelius area, a 0% increase from the 1 Cornelius lots sold in October. November 2018 sales figures decreased 0% from November 2017 when 1 Cornelius lots sold.

The average sales price decreased 13.5% from $185,000 in October to $160,000 in November. The November 2018 average sales price decreased 81% from the November 2017 average sales price which was $859,000.

Average days on the market increased 186% from 7 in October to 20 in November. The November 2017 average days on the market were 718, an 97% decrease in market time versus the same time period last year.

Currently there are 27 active lot listings in the Cornelius real estate market, a decrease of 10% from November. The average list price is $690,559, up .3% from November’s average list price of $688,695. There are 7 Cornelius lots currently under contract, a 0% decrease from November. Based on these numbers, very limited Cornelius land inventory, we are in a sellers market for Cornelius lots for sale.

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