Is Cornelius, NC 28031 a buyer’s or seller’s market?
Cornelius is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 18% of U.S. ZIP codes, and #293 of 424 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cornelius housing market right now
In the three months ending August 31, 2026, 9% of homes in Cornelius, NC 28031 sold above their list price, the typical home went under contract in 60 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 169 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (53 days then) and the median sale price rose 15% to $619,732. Overall, Cornelius is less competitive than a year ago, which gives buyers more room.
Within Mecklenburg County, homes here sell more slowly than in 66% of the county’s ZIP codes, and sell less often over asking than in 86%. On our competition score, Cornelius ranks #293 of 424 NC ZIP codes with enough sales (score 24 out of 100).
Nearby, buyers who want less competition could look at Charlotte 28274 (0% sold over asking) or Charlotte 28202 (0% sold over asking), while Charlotte 28209 (31% sold over asking) and Charlotte 28270 (31% sold over asking) are even more competitive.
Run the numbers for 28031
Nearby markets
Charlotte 28202Buyer’s market $361 /sq ftCharlotte 28203Seller’s market $459 /sq ftCharlotte 28204Balanced $326 /sq ftCharlotte 28205Balanced $356 /sq ft Browse all markets →Towns like Cornelius nearby
Find towns like Cornelius in other states →Where Cornelius is
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Questions about Cornelius real estate
Is Cornelius a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Cornelius, NC 28031 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cornelius?
The typical home went under contract in 60 days in the latest three months.
Do homes in Cornelius sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Cornelius?
About 0.71% of a home’s value a year in Mecklenburg County, or roughly $2,840 on a $400,000 home.
What is the median home price in Cornelius?
The median sale price was $619,732 in the three months ending August 31, 2026, about $295 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology