Cornelius, NC 28031

Mike Hege's Market Report

Cornelius, NC 28031

Single-Family Homes

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

Sat Sep 13 2025
This week the median list price for Cornelius, NC 28031 is $942,500 with the market action index hovering around 36. This is an increase over last month's market action index of 33. Inventory has decreased to 90. Click here to stay informed with the Cornelius market!

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Median List Price		$942,500
Median Price of New Listings		$759,000
Per Square Foot		$347
Average Days on Market		97
Median Days on Market		74
Price Decreased		49%
Price Increased		1%
Relisted		3%
Inventory		90
Median Rent
Market Action		36
Slight Seller's Advantage

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

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$3,895,000	5,540	0.5 - 1 acre	5	4.5	29	0	4	140
$1,200,000	3,329	0.25 - 0.5 acre	4	3.5	16	3	4	52
$799,000	2,784	8,000 - 10,000 sqft	4	2.5	14	1	2	49
$519,000	1,917	6,500 - 8,000 sqft	3	2.5	22	3	1	59

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$3,895,000	5,540	0.5 - 1 acre	5	4.5	29	0	4	140
$1,200,000	3,329	0.25 - 0.5 acre	4	3.5	16	3	4	52
$799,000	2,784	8,000 - 10,000 sqft	4	2.5	14	1	2	49
$519,000	1,917	6,500 - 8,000 sqft	3	2.5	22	3	1	59

Median Price	Top $3,895,000	Upper $1,200,000	Lower $799,000	Bottom $519,000
Sq. Ft.	5,540	3,329	2,784	1,917
Lot Size	0.5 - 1 acre	0.25 - 0.5 acre	8,000 - 10,000 sqft	6,500 - 8,000 sqft
Beds	5	4	4	3
Baths	4.5	3.5	2.5	2.5
Age	29	16	14	22
New	0	3	1	3
Absorbed	4	4	2	1
DOM	140	52	49	59

Mike Hege's Market Report