Maurice Barnes' Market Report

Cornelius, NC

Single-Family Homes

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



Cornelius, NC

Sat Mar 02 2024
This week the median list price for Cornelius, NC is $1,187,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has decreased to 42. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Cornelius, NC

Sat Mar 02 2024
This week the median list price for Cornelius, NC is $1,187,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has decreased to 42. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Cornelius market.
Median List Price $1,187,000
Median Price of New Listings $699,000
Per Square Foot $374
Average Days on Market 86
Median Days on Market 42
Price Decreased 38%
Price Increased 0%
Relisted 2%
Inventory 42
Median Rent
Market Action 43
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$4,724,500 6,968 0.5 - 1 acre 6 6.5 18 0 1 49
$2,010,000 3,480 0.5 - 1 acre 4 3.8 27 1 1 52
$779,000 2,836 0.25 - 0.5 acre 4 3 25 3 0 21
$470,000 1,926 6,500 - 8,000 sqft 3 2.5 20 1 1 42