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 April 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

$530,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,287(+5.6%)

Key Takeaway

Homes in Cornelius have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Cornelius was $530,000 in April 2024, up 5.6% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $197.5K$432.6K
+119.0%
2 $331.7K$320K
-3.5%
3 $478.6K$506.2K
+5.8%
4 $665K$755K
+13.5%
5+ $1.3M$1.8M
+38.5%

Summary: Cornelius housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 119%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 38.5%.

Median Sold Price Compared To Nearby Cities

Cornelius
+5.6%
Huntersville
+3.3%
Davidson
+2.2%

Housing Supply in Cornelius, NC

How many homes are available in Cornelius, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
171179+4.7%

Summary: The Cornelius real estate market had 179 homes for sale in April 2024, a 4.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 3539
+11.4%
3 6565
0.0%
4 5249
-5.8%
5+ 1926
+36.8%

Summary: The Cornelius housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 36.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4947-4.1%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

10 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. 51.1% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Cornelius in April 2024, down by 4.1% month-over-month. Of the 47 sold homes, 51% were sold under asking, 28% 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

Apr 2023Apr 2024CHANGE
37 Days33 Days-9.9%

Summary: Homes in Cornelius had an average of 33 days on market in Apr 2024, down by 9.9% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

9 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 April 2024, 47 homes were sold in Cornelius; 64% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

Newest Listings in Cornelius, NC

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