Is Cornwall, PA 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, Cornwall has remained a Buyer's Market.
Key Takeaway
Cornwall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cornwall, PA
How much do homes in Cornwall, PA cost?
Median Sold Price
$372,094
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cornwall have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Cornwall was $372,094 in March 2024, up 1.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $268K | $240K | -10.4% |
| 3 Bedrooms | $361.5K | $360K | -0.4% |
| 4 Bedrooms | $490K | $424.9K | -13.3% |
| 5+ Bedrooms | $660K | $597.8K | -9.4% |
Summary: Cornwall 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 10.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| West Cornwall Township | $279.9K | $321.2K | +14.8% |
| Penn Township | $326.5K | $340K | +4.1% |
| Cornwall | $366.5K | $372K | +1.5% |
| North Cornwall Township | $290K | $292K | +0.7% |
| South Lebanon Township | $302K | $270K | -10.6% |
Housing Supply in Cornwall, PA
How many homes are available in Cornwall, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Cornwall real estate market had 44 homes for sale in March 2024, a 2.2% decrease 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 | 10 | 12 | +20.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Cornwall 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 20%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cornwall, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cornwall in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 33 Days | +65.0% |
Summary: Homes in Cornwall had an average of 33 days on market in Mar 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cornwall has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Cornwall; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
