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 Aug 10 2026
This week the median list price for Cornelius, NC 28031 is $924,900 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 99.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $924,900 | |
| Median Price of New Listings | $650,000 | |
| Per Square Foot | $340 | |
| Average Days on Market | 102 | |
| Median Days on Market | 63 | |
| Price Decreased | 53% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 99 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,200,000 | 5,540 | 0.5 - 1 acre | 5 | 5 | 27 | 1 | 3 | 84 |
| $1,374,900 | 3,405 | 0.25 - 0.5 acre | 4 | 3.5 | 30 | 0 | 4 | 91 |
| $769,000 | 2,610 | 8,000 - 10,000 sqft | 4 | 2.5 | 28 | 4 | 3 | 42 |
| $498,000 | 2,193 | 8,000 - 10,000 sqft | 4 | 2.5 | 23 | 2 | 5 | 49 |