Is Cornwall, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cornwall was a Seller's Market.
Housing Prices in Cornwall, PA
How much do homes in Cornwall, PA cost?
Median Sold Price
$416,514
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cornwall was $416,514 in May 2024, up 15.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $265K | $281.2K | +6.1% |
3 Bedrooms | $346K | $418.2K | +20.9% |
4 Bedrooms | $485K | $423K | -12.8% |
5+ Bedrooms | $550K | $653K | +18.7% |
Summary: Cornwall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
Cornwall | $361.5K | $416.5K | +15.2% |
Penn Township | $307.9K | $340K | +10.4% |
West Cornwall Township | $299.4K | $321.2K | +7.3% |
South Lebanon Township | $280K | $288K | +2.9% |
North Cornwall Township | $300K | $280.9K | -6.4% |
Housing Supply in Cornwall, PA
How many homes are available in Cornwall, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 44 | +15.8% |
Summary: The Cornwall real estate market had 44 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Cornwall housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cornwall in May 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Cornwall, PA
How long does it take to sell a home in Cornwall, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 17 Days | +53.6% |
Summary: Homes in Cornwall had an average of 17 days on market in May 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Cornwall; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.