Is Cornwall, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cornwall has remained a Buyer's Market.
Key Takeaway
Cornwall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cornwall, NY
How much do homes in Cornwall, NY cost?
Median Sold Price
$475,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cornwall have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Cornwall was $475,000 in April 2024, up 5.6% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $201.5K | +91.9% |
| 2 Bedrooms | $285.5K | $368.7K | +29.2% |
| 3 Bedrooms | $417.5K | $460K | +10.2% |
| 4 Bedrooms | $557.5K | $610K | +9.4% |
| 5+ Bedrooms | $587.5K | $669K | +13.9% |
Summary: Cornwall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.9%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Cornwall | $450K | $475K | +5.6% |
| New Windsor | $380K | $395K | +3.9% |
| Cornwall-on-Hudson | $470K | $458K | -2.6% |
Housing Supply in Cornwall, NY
How many homes are available in Cornwall, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 59 | +18.0% |
Summary: The Cornwall real estate market had 59 homes for sale in April 2024, a 18.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Cornwall housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cornwall, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cornwall in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Cornwall, NY
How long does it take to sell a home in Cornwall, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 93 Days | +36.1% |
Summary: Homes in Cornwall had an average of 93 days on market in Apr 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cornwall are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 7 homes were sold in Cornwall; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally