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 May 2023
Since last year, North Cornwall Township has remained a Seller's Market.
Key Takeaway
North Cornwall Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Cornwall Township, PA
How much do homes in North Cornwall Township, PA cost?
Median Sold Price
$280,900
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Cornwall Township have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in North Cornwall Township was $280,900 in May 2024, down 6.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $137.5K | N/A |
| 2 Bedrooms | $285K | $193.5K | -32.1% |
| 3 Bedrooms | $245K | $258.7K | +5.6% |
| 4 Bedrooms | $437.5K | $479.5K | +9.6% |
| 5+ Bedrooms | $470K | $534.2K | +13.7% |
Summary: North Cornwall Township 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 32.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Lebanon | $194.9K | $234.6K | +20.3% |
| North Lebanon Township | $275K | $310K | +12.7% |
| North Cornwall Township | $300K | $280.9K | -6.4% |
Housing Supply in North Cornwall Township, PA
How many homes are available in North Cornwall Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 33 | +37.5% |
Summary: The North Cornwall Township real estate market had 33 homes for sale in May 2024, a 37.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The North Cornwall Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Cornwall Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in North Cornwall Township in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 7 Days | -86.3% |
Summary: Homes in North Cornwall Township had an average of 7 days on market in May 2024, down by 86.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 May 2024, 8 homes were sold in North Cornwall Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
