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

$92,597

$47/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$68,297(+281.1%)

Key Takeaway

Homes in Cornell have sold for 281.1% more than they did a month ago.

Summary: The median home sold price in Cornell was $92,597 in April 2024, up 281.1% from last month, and the median price per square foot was $47.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $24.3K$92.5K
+281.1%
4 --
N/A
5+ --
N/A

Summary: Cornell housing prices by bedroom type for April 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 281.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cornell
+281.1%
Amity Township
+281.1%

Housing Supply in Cornell, IL

How many homes are available in Cornell, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
54-20.0%

Summary: The Cornell real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The Cornell 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 decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cornell, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

Mar 2024Apr 2024CHANGE
46 Days6 Days-87.0%

Summary: Homes in Cornell had an average of 6 days on market in Apr 2024, down by 87% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cornell are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Cornell; 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.

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

Report Updated Apr 1, 2024

Newest Listings in Cornell, IL

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