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

Fri Apr 18 2025
This week the median list price for Cornelius, NC 28031 is $1,785,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 56. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Median List Price		$1,785,000
Median Price of New Listings		$2,000,000
Per Square Foot		$405
Average Days on Market		94
Median Days on Market		32
Price Decreased		41%
Price Increased		0%
Relisted		2%
Inventory		56
Median Rent
Market Action		39
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
$5,797,500	7,095	0.5 - 1 acre	6	6.5	21	1	0	28
$2,947,450	4,484	0.5 - 1 acre	4	4.5	27	2	2	73
$1,031,500	3,315	0.25 - 0.5 acre	4	3	19	1	1	17
$495,450	1,811	4,500 - 6,500 sqft	3	2.5	19	1	2	52

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$5,797,500	7,095	0.5 - 1 acre	6	6.5	21	1	0	28
$2,947,450	4,484	0.5 - 1 acre	4	4.5	27	2	2	73
$1,031,500	3,315	0.25 - 0.5 acre	4	3	19	1	1	17
$495,450	1,811	4,500 - 6,500 sqft	3	2.5	19	1	2	52

Median Price	Top $5,797,500	Upper $2,947,450	Lower $1,031,500	Bottom $495,450
Sq. Ft.	7,095	4,484	3,315	1,811
Lot Size	0.5 - 1 acre	0.5 - 1 acre	0.25 - 0.5 acre	4,500 - 6,500 sqft
Beds	6	4	4	3
Baths	6.5	4.5	3	2.5
Age	21	27	19	19
New	1	2	1	1
Absorbed	0	2	1	2
DOM	28	73	17	52

Mike Hege's Market Report