Is Cornelia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cornelia have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Cornelia was $320,000 in April 2024, up 10.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $159.5K | $258.3K | +61.9% |
| 3 Bedrooms | $279.3K | $290K | +3.8% |
| 4 Bedrooms | $320K | $345K | +7.8% |
| 5+ Bedrooms | $518K | $407K | -21.4% |
Summary: Cornelia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Mount Airy | $259.9K | $332.5K | +27.9% |
| Cornelia | $288.4K | $320K | +10.9% |
Housing Supply in Cornelia, GA
How many homes are available in Cornelia, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Summary: The Cornelia real estate market had 50 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Cornelia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cornelia, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cornelia in April 2024, down by 41.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 34 Days | -39.7% |
Summary: Homes in Cornelia had an average of 34 days on market in Apr 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
6 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 April 2024, 10 homes were sold in Cornelia; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.