Is Cornell, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cornell is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cornell has remained a Seller's Market.

Key Takeaway

Cornell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cornell, IL

How much do homes in Cornell, IL cost?

Median Sold Price

$256,500

$142/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$163,903(+177.0%)

Key Takeaway

Homes in Cornell have sold for 177% more than they did a month ago.

Summary: The median home sold price in Cornell was $256,500 in May 2024, up 177% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $92.5K$256.5K
+177.0%
4 --
N/A
5+ --
N/A

Summary: Cornell housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 177%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cornell
+177.0%
Amity Township
+177.0%

Housing Supply in Cornell, IL

How many homes are available in Cornell, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
32-33.3%

Summary: The Cornell real estate market had 2 homes for sale in May 2024, a 33.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Cornell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cornell, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cornell in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cornell, IL

How long does it take to sell a home in Cornell, IL?

Average Sale Time

Apr 2024May 2024CHANGE
6 Days35 Days+483.3%

Summary: Homes in Cornell had an average of 35 days on market in May 2024, up by 483.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cornell has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Cornell; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Cornell, IL

Nearby Markets to Cornell, IL