Is North Cornwall Township, PA 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, North Cornwall Township was a Seller's Market.
Key Takeaway
North Cornwall Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Cornwall Township, PA
How much do homes in North Cornwall Township, PA cost?
Median Sold Price
$292,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Cornwall Township have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in North Cornwall Township was $292,000 in March 2024, up 0.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $137.5K | N/A |
| 2 Bedrooms | $205.6K | $216.2K | +5.2% |
| 3 Bedrooms | $242K | $263.7K | +9.0% |
| 4 Bedrooms | $395K | $479.5K | +21.4% |
| 5+ Bedrooms | $510K | $534.2K | +4.7% |
Summary: North Cornwall Township 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 5.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Lebanon | $158K | $232.9K | +47.4% |
| North Lebanon Township | $275K | $292K | +6.2% |
| North Cornwall Township | $290K | $292K | +0.7% |
Housing Supply in North Cornwall Township, PA
How many homes are available in North Cornwall Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The North Cornwall Township real estate market had 32 homes for sale in March 2024, a 3.0% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The North Cornwall Township 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 decreased by 66.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Cornwall Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in North Cornwall Township in March 2024, down by 75.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for North Cornwall Township, PA
How long does it take to sell a home in North Cornwall Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 163 Days | +544.6% |
Summary: Homes in North Cornwall Township had an average of 163 days on market in Mar 2024, up by 544.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Cornwall Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in North Cornwall Township; 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.
