Is Cornelius, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cornelius was a Seller's Market.
Housing Prices in Cornelius, OR
How much do homes in Cornelius, OR cost?
Median Sold Price
$515,304
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cornelius was $515,304 in March 2024, up 4.7% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $385K | $377.1K | -2.0% |
3 Bedrooms | $466.1K | $476K | +2.1% |
4 Bedrooms | $578.5K | $585.5K | +1.2% |
5+ Bedrooms | $640K | $650K | +1.6% |
Summary: Cornelius 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 decreased by 2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Cornelius | $492.1K | $515.3K | +4.7% |
Chehalem Mountains | $789K | $814.2K | +3.2% |
Forest Grove-Cornelius | $516.5K | $525.1K | +1.7% |
Housing Supply in Cornelius, OR
How many homes are available in Cornelius, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 82 | -1.2% |
Summary: The Cornelius real estate market had 82 homes for sale in March 2024, a 1.2% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 48 | 49 | +2.1% |
4 Bedrooms | 26 | 24 | -7.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Cornelius 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 2.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Cornelius in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Cornelius, OR
How long does it take to sell a home in Cornelius, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 81 Days | +118.9% |
Summary: Homes in Cornelius had an average of 81 days on market in Mar 2024, up by 118.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Cornelius; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.