Is Corning, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Corning has remained a Seller's Market.
Key Takeaway
Corning is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Corning, CA
How much do homes in Corning, CA cost?
Median Sold Price
$306,340
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Corning have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Corning was $306,340 in March 2024, up 2.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $220K | +19.6% |
| 2 Bedrooms | $249.5K | $235K | -5.8% |
| 3 Bedrooms | $304.5K | $315K | +3.4% |
| 4 Bedrooms | $396.5K | $334.5K | -15.6% |
| 5+ Bedrooms | $440K | $745K | +69.3% |
Summary: Corning housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 69.3%.
Housing Supply in Corning, CA
How many homes are available in Corning, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Corning real estate market had 32 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Corning housing inventory by bedroom type for March 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 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corning, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Corning in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Corning, CA
How long does it take to sell a home in Corning, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 72 Days | +33.7% |
Summary: Homes in Corning had an average of 72 days on market in Mar 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corning are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Corning; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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