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.
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
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
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
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.