Founded by the Normans, it became subject to Alfonso V, king of Aragon, at the end of the 15th century, and later to the Carafa family.

The chief feature of the old town centre, which is surrounded by modern buildings, is the Romanesque church.

Corato was founded in 1046 by Peter I of Trani, adding a castle, four angular towers, the perimeter enclosing walls, four access gates, and two main perpendicular streets.

From the 17th century onwards, Corato grew beyond its historic center, and numerous churches and aristocratic palaces were built.

Corato is now an agricultural and industrial centre of the hinterland of Bari, located 43 kilometres (27 mi) west from it and at 232 metres (761 ft) above sea level.