Cornelius Real Estate Market Update October 2016

Cornelius Real Estate Market Update August 2014
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October 2016 Cornelius Real Estate Market Stats

Cornelius Homes
In October 2016 46 homes sold in the Cornelius area, a 13.2% decrease from the 53 homes sold in September. October 2016 sales figures increased 9.5% from October 2015 when 42 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 14.1% from $514,483 in September to $442,170 in October. The October 2016 average sales price increased 2.5% from the October 2015 average sales price which was $431,539.

Average days on the market decreased 8.2% from 49 days in September to 45 days on the market in October. The October 2015 average days on the market were 60, a 25% decrease in market time.

Currently there are 175 active homes for sale in the Cornelius MLS area, down 9.8% from October. The average list price is $863,434 down 5.7% from the October average list price of $915,443. 90 Cornelius homes are currently under contract, down 4.4% from October.

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 October 2016 26 condos/townhomes sold in the Cornelius area, a 27.8% decrease from the 36 Cornelius condos or townhomes sold in September. October 2016 sales figures decreased 21.2% from October 2015 when 33 Cornelius condos sold.

The average sales price increased .7% from $198,575 in September 2016 to $199,916 in October 2016. The October 2016 average sales price increased 4.6% from the October 2015 average sales price which was $191,118.

Average days on the market decreased 1.8% from 57 in September to 56 in October. October 2015 average days on the market were 43, an increase of 30.2% market time.

Currently there are 53 active condo/townhomes for sale in the Cornelius MLS area, a 7% decrease from the 57 Cornelius condos for sale in October. The average list price is $257,690, up 2.2% from October’s average list price of $252,258. 37 Cornelius condos/townhomes are currently under contract, a 5.2% decrease from October.

Cornelius Lots
In October 2016 3 lots sold in the Cornelius area, a 0% increase from the 3 Cornelius lots sold in September. October 2016 sales figures increased 50% from October 2015 when 2 Cornelius lots sold.

The average sales price decreased 87.3% from $711,667 in September to $90,500 in October. The October 2016 average sales price decreased 77.1% from the October 2015 average sales price which was $395,000.

Average days on the market increased 66.3% from 89 in September to 148 in October. The October 2015 average days on the market were 271, a 45.4% decrease in market time versus the same time period last year.

Currently there are 31 active lot listings in the Cornelius MLS area, a decrease of 11.4% from October. The average list price is $841,781, up 8.9% from October’s average list price of $773,263. 10 Cornelius lots are currently under contract, a 42.9% increase from October.

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


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