Is Cornelia, GA 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, Cornelia has remained a Seller's Market.
Key Takeaway
Cornelia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cornelia, GA
How much do homes in Cornelia, GA cost?
Median Sold Price
$320,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cornelia have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Cornelia was $320,000 in March 2024, up 10.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $160K | $248.6K | +55.4% |
| 3 Bedrooms | $281.6K | $288.2K | +2.3% |
| 4 Bedrooms | $320K | $344.3K | +7.6% |
| 5+ Bedrooms | $522K | $379.6K | -27.3% |
Summary: Cornelia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 27.3%.
Median Sold Price Compared To Nearby Cities
| Mount Airy | $259.9K | $325K | +25.0% |
| Cornelia | $290K | $320K | +10.3% |
Housing Supply in Cornelia, GA
How many homes are available in Cornelia, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The Cornelia real estate market had 40 homes for sale in March 2024, a 7.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 12 | 7 | -41.7% |
Summary: The Cornelia 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 increased by 200%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 41.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cornelia, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Cornelia in March 2024, up by 75.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for Cornelia, GA
How long does it take to sell a home in Cornelia, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +11.9% |
Summary: Homes in Cornelia had an average of 34 days on market in Mar 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cornelia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Cornelia; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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