Is Cornwall, PA 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 Seller's Market.
Housing Prices in Cornwall, PA
How much do homes in Cornwall, PA cost?
Median Sold Price
$370,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cornwall was $370,000 in April 2024, down 0.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $265K | $252.5K | -4.7% |
3 Bedrooms | $366.5K | $360K | -1.8% |
4 Bedrooms | $490K | $423.9K | -13.5% |
5+ Bedrooms | $550K | $649.3K | +18.1% |
Summary: Cornwall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
Penn Township | $310.5K | $344K | +10.8% |
North Cornwall Township | $275K | $292K | +6.2% |
Cornwall | $370.3K | $370K | -0.1% |
South Lebanon Township | $300K | $277.5K | -7.5% |
Housing Supply in Cornwall, PA
How many homes are available in Cornwall, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 35 | +2.9% |
Summary: The Cornwall real estate market had 35 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 3 | +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 remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
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 April 2024, up by 50.0% month-over-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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 7 Days | -61.8% |
Summary: Homes in Cornwall had an average of 7 days on market in Apr 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Cornwall; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.