$80,000
3.06 Acres
Land
Chad Buffington, Listing Office: Buffington RE Group, LLC
Is Cornelia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cornelia has remained a Seller's Market.
Key Takeaway
Cornelia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cornelia, GA
How much do homes in Cornelia, GA cost?
Median Sold Price
$334,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,000(+13.2%)
Key Takeaway
Homes in Cornelia have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Cornelia was $334,000 in October 2024, up 13.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $226K | $242.3K | +7.2% |
| 3 Bedrooms | $279.3K | $304.9K | +9.2% |
| 4 Bedrooms | $339K | $346.1K | +2.1% |
| 5+ Bedrooms | $415K | $422K | +1.7% |
Summary: Cornelia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Mount Airy | $289.9K | $330K | +13.8% |
| Cornelia | $295K | $334K | +13.2% |
| Baldwin | $299.9K | $299.5K | -0.1% |
Housing Supply in Cornelia, GA
How many homes are available in Cornelia, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 66 | +6.5% |
Summary: The Cornelia real estate market had 66 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Cornelia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cornelia, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Cornelia in October 2024, up by 16.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% were sold over asking.
Days on Market for Cornelia, GA
How long does it take to sell a home in Cornelia, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 35 Days | +85.5% |
Summary: Homes in Cornelia had an average of 35 days on market in Oct 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cornelia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Cornelia; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.