Maurice Barnes' Market Report

Cornelius, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Cornelius, NC

Sat Jul 20 2024
This week the median list price for Cornelius, NC is $900,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 51. Click here to stay informed with the Cornelius market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Cornelius, NC

Sat Jul 20 2024
This week the median list price for Cornelius, NC is $900,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 51. Click here to stay informed with the Cornelius market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cornelius market.
Median List Price $900,000
Median Price of New Listings $625,000
Per Square Foot $339
Average Days on Market 77
Median Days on Market 42
Price Decreased 47%
Price Increased 0%
Relisted 6%
Inventory 51
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,822,500 5,739 0.5 - 1 acre 5 5.5 28 1 1 91
$1,274,000 3,561 0.5 - 1 acre 4 3.5 30 1 2 28
$749,999 2,596 0.25 - 0.5 acre 4 3 26 4 0 56
$494,900 1,697 8,000 - 10,000 sqft 3 2.5 21 1 2 28