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
Fri Oct 09 2026
This week the median list price for Cornelius, NC 28031 is $799,949 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has decreased to 90.
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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Real-Time Market Profile
| Median List Price | $799,949 | |
| Median Price of New Listings | $725,000 | |
| Per Square Foot | $310 | |
| Average Days on Market | 103 | |
| Median Days on Market | 70 | |
| Price Decreased | 47% | |
| Price Increased | 3% | |
| Relisted | 10% | |
| Inventory | 90 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,690,000 | 5,127 | 0.5 - 1 acre | 5 | 5.5 | 27 | 1 | 2 | 98 |
| $1,259,950 | 3,435 | 0.25 - 0.5 acre | 4 | 3.3 | 28 | 1 | 4 | 108 |
| $725,000 | 2,569 | 0.25 - 0.5 acre | 4 | 2.5 | 29 | 2 | 1 | 63 |
| $465,000 | 1,724 | 8,000 - 10,000 sqft | 3 | 2.5 | 25 | 3 | 2 | 45 |