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 March 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

$530,853

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,942(+6.2%)

Key Takeaway

Homes in Cornelius have sold for 6.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $194.2K$403K
+107.5%
2 $329.9K$320.8K
-2.7%
3 $466.5K$504.6K
+8.2%
4 $670K$755K
+12.7%
5+ $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
+6.2%
Huntersville
+5.9%
Davidson
0.0%

Housing Supply in Cornelius, NC

How many homes are available in Cornelius, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
162165+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3532
-8.6%
3 6261
-1.6%
4 4351
+18.6%
5+ 2221
-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 2024Mar 2024CHANGE
3748+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cornelius, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
28 Days56 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Cornelius, NC

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