$29,995
1.06 Acres
Land
Jonathan Minerick, Listing Office: Homecoin.com
Is Corning, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Corning was a Seller's Market.
Key Takeaway
Corning is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Corning, CA
How much do homes in Corning, CA cost?
Median Sold Price
$300,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,550(-5.5%)
Key Takeaway
Homes in Corning have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Corning was $300,000 in November 2024, down 5.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.5K | $235K | +11.1% |
| 2 Bedrooms | $235K | $220K | -6.4% |
| 3 Bedrooms | $322.5K | $305.6K | -5.2% |
| 4 Bedrooms | $396.5K | $366K | -7.7% |
| 5+ Bedrooms | $865K | $625K | -27.7% |
Summary: Corning housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 27.7%.
Housing Supply in Corning, CA
How many homes are available in Corning, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 51 | +6.3% |
Summary: The Corning real estate market had 51 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Corning housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corning, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Corning in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Corning, CA
How long does it take to sell a home in Corning, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 115 Days | 43 Days | -62.2% |
Summary: Homes in Corning had an average of 43 days on market in Nov 2024, down by 62.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Corning are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Corning; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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