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 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!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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.

Cornelius, NC 28031

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!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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.

Real-Time Market Profile

Never miss important changes in the Cornelius market.
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.

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
$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