Mike Hege's Market Report

Cornelius, NC 28031

Single-Family Homes

Pridemore Team at Compass | 704-491-9445 | mike.hege@compass.com


Cornelius, NC 28031

Mon Jun 30 2025
This week the median list price for Cornelius, NC 28031 is $973,700 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has held steady at or around 96. 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 Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Cornelius, NC 28031

Mon Jun 30 2025
This week the median list price for Cornelius, NC 28031 is $973,700 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has held steady at or around 96. 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 Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Cornelius market.
Median List Price $973,700
Median Price of New Listings $725,000
Per Square Foot $362
Average Days on Market 91
Median Days on Market 49
Price Decreased 51%
Price Increased 0%
Relisted 6%
Inventory 96
Median Rent
Market Action 30
Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

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
$3,945,000 5,662 0.5 - 1 acre 5 5.8 28 0 1 98
$1,712,450 3,651 0.5 - 1 acre 4 3.5 23 1 1 38
$870,000 2,853 0.25 - 0.5 acre 4 3 20 6 3 17
$499,700 1,801 8,000 - 10,000 sqft 3 2 22 4 0 45