Is Cornwall, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cornwall was a Seller's Market.
Housing Prices in Cornwall, NY
How much do homes in Cornwall, NY cost?
Median Sold Price
$475,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cornwall was $475,000 in May 2024, up 5.6% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107.4K | $200.7K | +86.8% |
2 Bedrooms | $293K | $375K | +28.0% |
3 Bedrooms | $416.2K | $460K | +10.5% |
4 Bedrooms | $568K | $593K | +4.4% |
5+ Bedrooms | $570K | $668K | +17.2% |
Summary: Cornwall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.8%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
Cornwall | $450K | $475K | +5.6% |
New Windsor | $380K | $392.5K | +3.3% |
Cornwall-on-Hudson | $463K | $467.5K | +1.0% |
Salisbury Mills | $482K | $447.5K | -7.2% |
Housing Supply in Cornwall, NY
How many homes are available in Cornwall, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 73 | +21.7% |
Summary: The Cornwall real estate market had 73 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Cornwall housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Cornwall in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Cornwall, NY
How long does it take to sell a home in Cornwall, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 39 Days | -46.9% |
Summary: Homes in Cornwall had an average of 39 days on market in May 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Cornwall; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.