Cornelius Real Estate Market Update September 2018

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for September 2018

Cornelius Homes
In September 2018 43 homes sold in the Cornelius real estate market, a 41% decrease from the 73 Cornelius homes sold in August 2018. September 2018 sales figures decreased 23.2% from September 2017 when 56 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 22.5% from $534,474 in August to $654,979 in September. September 2018 average sales price increased 40% from the September 2017 average sales price which was $467,840.

Average days on the market decreased 32.5% from 80 days in August to 54 days on the market in September. The September 2017 average days on the market were also 85, a 36.5% decrease in market time from one year ago.

Currently there are 157 active homes for sale in the Cornelius real estate market, down 6.5% from September. The average list price of active listings is $896,181 up .7% from the September average list price of $890,067. There are 65 Cornelius homes currently under contract, up 22.6% from September. Based on these statistics, 3.7 months of inventory, we are currently in a sellers real estate 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 September 2018 19 condos/townhomes sold in the Cornelius real estate market, a 29.6% decrease from the 27 Cornelius condos or townhomes sold in August. September 2018 sales figures decreased 32.1% from September 2017 when 28 Cornelius condos sold.

The average sales price increased 13.4% from $228,643 in August to $259,184 in September. The September 2018 average sales price increased 28.8% from the September 2017 average sales price which was $201,307.

Average days on the market increased 21.7% from 23 in August to 28 in September. The September 2017 average days on the market were 19, an increase of 47.4% market time from one year ago.

Currently there are 41 active condo/townhomes for sale in the Cornelius real estate market, a 6.8% decrease from the 44 Cornelius condos for sale in September. The average list price is $406,564, up 4.7% from Septembert’s average list price of $388,460. 33 Cornelius condos/townhomes are currently under contract, a 5.7% decrease from September. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In September 0 lots sold in the Cornelius area, a 100% increase from the 4 Cornelius lots sold in August. September 2018 sales figures decreased 100% from September 2017 when 2 Cornelius lots sold.

The average sales price decreased NA% from $121,563 in August to $NA in September. The September 2018 average sales price decreased NA% from the September 2017 average sales price which was $284,500.

Average days on the market decreased NA% from 97 in August to NA in September. The September 2017 average days on the market were 38, an NA% decrease in market time versus the same time period last year.

Currently there are 28 active lot listings in the Cornelius real estate market, a decrease of 6.7% from September. The average list price is $742,284, down 3.2% from September’s average list price of $767,028. There are 7 Cornelius lots currently under contract, a 12.5% decrease from September. Based on these numbers, very limited inventory, we are in a sellers market for Cornelius lots for sale.

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


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