Is Cornelius, OR 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, Cornelius was a Buyer's Market.
Key Takeaway
Cornelius is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cornelius, OR
How much do homes in Cornelius, OR cost?
Median Sold Price
$500,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cornelius have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Cornelius was $500,000 in May 2024, up 5.3% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $377.1K | -3.3% |
| 3 Bedrooms | $464.9K | $478.5K | +2.9% |
| 4 Bedrooms | $565K | $580K | +2.7% |
| 5+ Bedrooms | $645K | $650K | +0.8% |
Summary: Cornelius housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Cornelius | $475K | $500K | +5.3% |
| Forest Grove-Cornelius | $510K | $523.4K | +2.6% |
| Chehalem Mountains | $787K | $805.5K | +2.4% |
Housing Supply in Cornelius, OR
How many homes are available in Cornelius, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 72 | -1.4% |
Summary: The Cornelius real estate market had 72 homes for sale in May 2024, a 1.4% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 49 | 46 | -6.1% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Cornelius 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 remained the same, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cornelius, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Cornelius in May 2024, up by 5.3% month-over-month. Of the 20 sold homes, 20% were sold under asking, 50% were sold at asking, and 30% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 78 Days | +56.2% |
Summary: Homes in Cornelius had an average of 78 days on market in May 2024, up by 56.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cornelius are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Cornelius; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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