Is Cornelius, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cornelius is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Cornelius has remained a Seller's Market.

Key Takeaway

Cornelius is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cornelius, NC

How much do homes in Cornelius, NC cost?

Median Sold Price

$547,333

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$49,122(+9.9%)

Key Takeaway

Homes in Cornelius have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Cornelius was $547,333 in June 2024, up 9.9% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $300.2K$190.2K
-36.7%
2 $325K$321.7K
-1.0%
3 $475K$524.5K
+10.4%
4 $700K$721.5K
+3.1%
5+ $1.3M$1.7M
+34.0%

Summary: Cornelius housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Cities

Cornelius
+9.9%
Davidson
+6.5%
Huntersville
+1.6%

Housing Supply in Cornelius, NC

How many homes are available in Cornelius, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
209205-1.9%

Summary: The Cornelius real estate market had 205 homes for sale in June 2024, a 1.9% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 3839
+2.6%
3 8078
-2.5%
4 6058
-3.3%
5+ 3130
-3.2%

Summary: The Cornelius housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 3.2%.

Number of Homes Sold

May 2024Jun 2024CHANGE
5838-34.5%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cornelius, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Cornelius in June 2024, down by 34.5% month-over-month. Of the 38 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.

Days on Market for Cornelius, NC

How long does it take to sell a home in Cornelius, NC?

Average Sale Time

Jun 2023Jun 2024CHANGE
22 Days35 Days+55.7%

Summary: Homes in Cornelius had an average of 35 days on market in Jun 2024, up by 55.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cornelius are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 38 homes were sold in Cornelius; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Cornelius, NC

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