Single-Family Homes
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.
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 |
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.
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 |