Cornelius NC Real Estate

September 2016 Cornelius Real Estate Market Update

Cornelius Homes
In September 2016 52 homes sold in the Cornelius area, a 10.3% decrease from the 58 homes sold in August. September 2016 sales figures increased 18.2% from September 2015 when 44 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 19.4% from $639,680 in August to $515,508 in September. The September 2016 average sales price decreased 15.3% from the September 2015 average sales price which was $608,683.

Average days on the market decreased 32.4% from 74 days in August to 50 days on the market in September. The September 2015 average days on the market were 60, a 16.7% decrease in market time.

Currently there are 194 active homes for sale in the Cornelius MLS area, down 6.7% from September. The average list price is $915,443 up 2.2% from the September average list price of $895,638. 94 Cornelius homes are currently under contract, down 2.1% from September.

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Cornelius Condos & Townhomes
In September 2016 36 condos/townhomes sold in the Cornelius area, a 38.5% increase from the 26 Cornelius condos or townhomes sold in August. September 2016 sales figures decreased 12.2% from September 2015 when 41 Cornelius condos sold.

The average sales price increased 6.9% from $185,717 in August 2016 to $198,575 in September 2016. The September 2016 average sales price increased 5.5% from the September 2015 average sales price which was $188,171.

Average days on the market increased 0% from 45 in August to 57 in September. September 2015 average days on the market were 49, an increase of 16.3% market time.

Currently there are 57 active condo/townhomes for sale in the Cornelius MLS area, a 0% decrease from the 57 Cornelius condos for sale in September. The average list price is $252,258, up 4.1% from September’s average list price of $242,284. 39 Cornelius condos/townhomes are currently under contract, a 22% decrease from September.

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

The average sales price increased 79.1% from $397,333 in August to $711,667 in September. The September 2016 average sales price decreased 6.2% from the September 2015 average sales price which was $758,667.

Average days on the market decreased 72.7% from 326 in August to 89 in September. The September 2015 average days on the market were 71, a 25.4% increase in market time versus the same time period last year.

Currently there are 35 active lot listings in the Cornelius MLS area, a decrease of 2.8% from September. The average list price is $773,263, down 2.8% from September’s average list price of $795,131. 7 Cornelius lots are currently under contract, a 46.2% decrease from September.

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