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Saturday, November 23, 2024

Cornelius home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Cornelius rose by $23,000 while total sales increased by 19.3%, according to BlockShopper.com.

From July through September of 2020, there were 321 homes sold, with a median sale price of $323,000 - a 7.7% increase over the $300,000 median sale price for the same period of the previous year. There were 269 homes sold in Cornelius in the third quarter of 2019.

The median sales tax in Cornelius for the most recent year with available data, 2019, was $2,527, approximately 0.8% of the median home sale price for the third quarter of 2020.

The following table compares Cornelius to other Mecklenburg County cities in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Davidson1399940.4%$455,000$360,00026.4%
Stallings21100%$376,000$357,0005.3%
Huntersville47242710.5%$335,000$294,00013.9%
Mint Hill15912428.2%$325,000$290,50011.9%
Cornelius32126919.3%$323,000$300,0007.7%
Matthews1621563.8%$313,000$280,00011.8%
Pineville58555.5%$261,000$255,0002.4%
Charlotte5,0924,6729%$260,000$230,00013%
Wildwoods46-33.3%$193,000$134,50043.5%

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