Is Cornelius, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$530,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $432.6K | +119.0% |
2 Bedrooms | $331.7K | $320K | -3.5% |
3 Bedrooms | $478.6K | $506.2K | +5.8% |
4 Bedrooms | $665K | $755K | +13.5% |
5+ Bedrooms | $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 | $501.7K | $530K | +5.6% |
Huntersville | $508.6K | $525.6K | +3.3% |
Davidson | $595.8K | $608.7K | +2.2% |
Housing Supply in Cornelius, NC
How many homes are available in Cornelius, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
171 | 179 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 35 | 39 | +11.4% |
3 Bedrooms | 65 | 65 | 0.0% |
4 Bedrooms | 52 | 49 | -5.8% |
5+ Bedrooms | 19 | 26 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 47 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 33 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
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.