Cornelius Real Estate April 2024
Cornelius Real Estate April 2024 Highlights
Cornelius real estate April 2024 saw average and median home sale prices mostly decline from one month and one year ago. The sale price per square foot increased 10.6% from one month ago. The number of properties sold increased by one from March, but declined almost 13% from April one year ago. Days on market increased three days from March and also increased 10 days compared with April one year ago. New listings increased almost 24% month-over-month and 36.96% year-over-year. Inventory increased slightly from the previous month and declined 4.72% compared with April 2023. The months supply of inventory remained flat at 4.21 months, keeping Cornelius a balanced market between home buyers and sellers. Nonetheless, the list to sale price ratio of 98.82% provided Cornelius home buyers with a minimal window of opportunity to negotiate on sale price.
Cornelius Real Estate April 2024 Snapshot
HOME SALE PRICES MOSTLY DOWN
Average sale price in April 2024 was $733,517, down 7.01% from $788,837 in the previous month of March. Year-over-year, the average home sale price was 9.68% lower than in April 2023 when it was $812,092.
Median home sale price in April 2024 was $510,000, down 7.55% from $551,665 in the previous month of March. The median home sale price was essentially flat compared with April 2023. The April 2024 median sale price was at its highest level compared with April 2023 and 2022.
Price per square foot in April 2024 was $323, up 10.62% from $292 in the most recent month of March. The price per square foot was 2.87% higher than the $314 in April one year ago.
DAYS ON MARKET UP A THIRD CONSECUTIVE MONTH
Average days on market in April 2024 were 40 days, increasing 8.11% from the previous month of March, which saw 37 days on market. Year-over-year, average days on market increased 33.33% from 30 days in April 2023. Compared with April 2022, current days on market were 26 days higher. April 2024 days on market were at their highest level compared with April 2023 and 2022.
CORNELIUS HOUSING INVENTORY UP A FIFTH CONSECUTIVE MONTH
The number of properties for sale in April 2024 was 202, up 3.06% from March 2023, which had 196 properties for sale. Inventory was 4.72% lower than the 212 properties for sale in April one year ago. Inventory was higher than the 174 properties for sale in April 2022.
The months supply of inventory at 4.21 months were flat compared with one month ago. Cornelius remained a balanced market between home buyers and home sellers in April 2024.
NEW LISTINGS INCREASE TO THEIR HIGHEST LEVEL SINCE JUNE 2023
The number of new listings in April 2024 was 63, up 23.53% from 51 new listings in the previous month of March. Compared with April 2023, new listings were 36.96% higher when new listings stood at 46 properties. April 2024 listings were lower compared with April 2022, which had 92 new listings.
SALES FLAT MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
Sales improved 2.13% in April 2024 to 48 from 47 in the previous month of March. April 2024 sales declined 12.73% from 55 in April 2023. Sales also declined from 66 in April 2022. April 2024 sales were at their lowest level compared with April 2023 and 2022.
LIST TO SALE RATIO DOWN SLIGHTLY
The selling price of 98.82% of list price declined 0.87% from 99.69% in March. The list to sale price ratio was flat compared with one year ago. Cornelius home buyers saw a very small window of opportunity to negotiate on price in April.
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DID YOU KNOW…
Cornelius has been rated the 7th best suburb in the Charlotte metro area?
Cornelius has been rated the 13th with the best public schools in the Charlotte metro area?
Cornelius has been rated the 7th best suburb to raise a family in the Charlotte metro area?
Cornelius has been rated the 7th best suburb for young professionals in the Charlotte mtro area?
(rankings provided by niche.com)
CORNELIUS: A CHARMING RETREAT IN GREATER CHARLOTTE
Situated along the picturesque shores of Lake Norman, Cornelius, North Carolina, offers a serene and vibrant lifestyle that has captured the hearts of residents and visitors alike. Offering a perfect blend of natural beauty, recreational opportunities, and a thriving community spirit, people are drawn to this charming town less than 30 minutes from Charlotte. Cornelius has the perfect combination of natural beauty, small-town charm, and urban convenience. With its stunning lake views, strong sense of community, excellent schools, and thriving real estate market, it’s no wonder why people from all walks of life are choosing to call Cornelius home
A primary draw of Cornelius is its proximity to Lake Norman, the largest man-made lake in North Carolina. With over 520 miles of shoreline, the lake provides endless opportunities for outdoor recreation, including boating, fishing, water sports, and lakeside picnics. Cornelius residents enjoy easy access to marinas, boat launches, and waterfront parks, allowing them to fully embrace the lake lifestyle year-round.
Despite its tranquil ambiance, Cornelius is just a short drive away from the vibrant city of Charlotte, offering the best of both worlds. Residents can enjoy the peace and quiet of small-town living while still having access to all the amenities and cultural attractions of a major metropolitan area.
For families considering a move to Cornelius, the town boasts top-rated schools and a safe, family-friendly environment. With a variety of parks, playgrounds, and recreational facilities, there’s no shortage of activities to keep children entertained and engaged. Additionally, the low crime rate and well-maintained neighborhoods provide parents with peace of mind.
Contact Nina Hollander with Coldwell Banker Realty if you’d like more information about buying or selling a home in Cornelius (or in any Greater Charlotte neighborhood, for that matter). I’ve been opening doors for Cornelius home buyers and sellers since 1999.
WONDERING WHAT YOUR CORNELIUS HOME IS WORTH?
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If you’re considering selling or purchasing a home in Cornelius, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:
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PREVIOUS CORNELIUS REAL ESTATE REPORTS
Cornelius Real Estate Report March 2024
