Is Cornelius, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cornelius has remained a Seller's Market.
Housing Prices in Cornelius, NC
How much do homes in Cornelius, NC cost?
Median Sold Price
$530,853
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cornelius was $530,853 in March 2024, up 6.2% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $194.2K | $403K | +107.5% |
2 Bedrooms | $329.9K | $320.8K | -2.7% |
3 Bedrooms | $466.5K | $504.6K | +8.2% |
4 Bedrooms | $670K | $755K | +12.7% |
5+ Bedrooms | $1.2M | $1.5M | +23.5% |
Summary: Cornelius housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.5%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
Cornelius | $499.9K | $530.8K | +6.2% |
Huntersville | $500.5K | $529.8K | +5.9% |
Davidson | $600K | $600K | 0.0% |
Housing Supply in Cornelius, NC
How many homes are available in Cornelius, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
162 | 165 | +1.9% |
Summary: The Cornelius real estate market had 165 homes for sale in March 2024, a 1.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 35 | 32 | -8.6% |
3 Bedrooms | 62 | 61 | -1.6% |
4 Bedrooms | 43 | 51 | +18.6% |
5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Cornelius housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 48 | +29.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Cornelius in March 2024, up by 29.7% month-over-month. Of the 48 sold homes, 48% were sold under asking, 27% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 56 Days | +96.4% |
Summary: Homes in Cornelius had an average of 56 days on market in Mar 2024, up by 96.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Cornelius; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.