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Cornelius Real Estate Market Update May 2019

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for May 2019

Cornelius Homes
In May 2019 60 homes sold in the Cornelius real estate market, a 66.7% increase from the 36 Cornelius homes sold in April 2019. May 2019 sales figures increased 5.3% from May 2018 when 57 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased by 14.5% from $597,350 in April to $510,944 in May. May 2019 average sales price decreased 12.4% from the May 2018 average sales price which was $583,489.

Average days on the market decreased by 38.3% from 60 days in April to 37 days on the market in May. The May 2018 average days on the market were 67, a 44.8% decrease in market time from one year ago.

Currently, there are 144 active homes for sale in the Cornelius real estate market, down 5.9% from May. The average list price of active listings is $980,868 up 4.3% from the May average list price of $940,063. There are 99 Cornelius homes currently under contract, down 4.8% from May. Based on these statistics, 2.4 months of inventory, we are currently in a seller’s 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 May 2019 26 condos/townhomes sold in the Cornelius real estate market, a 30% increase from the 20 Cornelius condos or townhomes sold in April 2019. May 2019 sales figures decreased 16.1% from May 2018 when 31 Cornelius condos sold.

The average sales price increased by 5.7% from $228,827 in April to $241,873 in May. The May 2019 average sales price increased 13.9% from the May 2018 average sales price which was $212,437.

Average days on the market decreased by 10.3% from 39 in April to 35 in May. The May 2018 average days on the market were 20, an increase of 75% market time from one year ago.

Currently, there are 63 active condo/townhomes for sale in the Cornelius real estate market, a 3.3% increase from the 61 Cornelius condos for sale in May. The average list price is $429,420, up 47.3% from May’s average list price of $291,483. 43 Cornelius condos/townhomes are currently under contract, a 16.2% increase from May. Based on these figures, 2.4 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In May 2019 2 lots sold in the Cornelius area, a 100% increase from the 1 Cornelius lots sold in April 2019. May 2019 sales figures increased 100% from May 2018 when 1 Cornelius lots sold.

The average sales price increased by 245% from $160,000 in April to $552,500 in May. The May 2019 average sales price increased 402% from the May 2018 average sales price which was $110,000.

Average days on the market decreased by 48% from 271 in April 2019 to 141 in May 2019. The May 2018 average days on the market were 11, a 1182% increase in market time versus the same time period last year.

Currently, there are 24 active lot listings in the Cornelius real estate market, an increase of 14.3% from May. The average list price is $1,072,071, up 22.6% from May’s average list price of $874,367. There are 9 Cornelius lots currently under contract, a 12.5% increase from May. Based on these numbers, very limited Cornelius land inventory, we are in a seller’s market for Cornelius lots for sale.

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Cornelius Real Estate Market Update April 2019

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for April 2019

Cornelius Homes
In April 2019 36 homes sold in the Cornelius real estate market, a 16.3% decrease from the 43 Cornelius homes sold in March 2019. April 2019 sales figures decreased 35.7% from April 2018 when 56 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased by 27.9% from $467,100 in March to $597,350 in April. April 2019 average sales price decreased 3% from the April 2018 average sales price which was $615,888.

Average days on the market decreased by 13% from 69 days in March to 60 days on the market in April. The April 2018 average days on the market were 45, a 33% increase in market time from one year ago.

Currently, there are 153 active homes for sale in the Cornelius real estate market, down 2.5% from April. The average list price of active listings is $940,063 up 3.4% from the April average list price of $909,049. There are 104 Cornelius homes currently under contract, up 15.5% from April. Based on these statistics, 1.1 months of inventory, we are currently in a seller’s 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 April 2019 19 condos/townhomes sold in the Cornelius real estate market, a 30% decrease from the 27 Cornelius condos or townhomes sold in March 2019. April 2019 sales figures decreased 27% from April 2018 when 26 Cornelius condos sold.

The average sales price increased by 11% from $210,649 in March to $233,818 in April. The April 2019 average sales price decreased 3% from the April 2018 average sales price which was $241,110.

Average days on the market decreased by 0% from 40 in March to 40 in April. The April 2018 average days on the market were 16, an increase of 150% market time from one year ago.

Currently, there are 61 active condo/townhomes for sale in the Cornelius real estate market, a 3.2% decrease from the 63 Cornelius condos for sale in April. The average list price is $291,483, down 13.3% from April’s average list price of $336,069. 37 Cornelius condos/townhomes are currently under contract, a 5.1% decrease from April. Based on these figures, 1.1 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In April 2019 1 lots sold in the Cornelius area, a 50% decrease from the 2 Cornelius lots sold in March 2019. April 2019 sales figures increased 0% from April 2018 when 1 Cornelius lots sold.

The average sales price decreased by 54% from $348,500 in March to $160,000 in April. The April 2019 average sales price decreased 80% from the April 2018 average sales price which was $795,000.

Average days on the market increased by 256% from 76 in March 2019 to 271 in April 2019. The April 2018 average days on the market were 7, a 3771% increase in market time versus the same time period last year.

Currently, there are 21 active lot listings in the Cornelius real estate market, a decrease of 4.5% from April. The average list price is $874,367, up 4.4% from April’s average list price of $837,809. There are 8 Cornelius lots currently under contract, an 11% decrease from April. Based on these numbers, very limited Cornelius land inventory, we are in a seller’s market for Cornelius lots for sale.

Search Cornelius homes for sale
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Search Cornelius condos 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