$399,000
19.00 Acres
Land
Jacob Bowen, Listing Office: Southeastern Land Group
Is Cornelia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$340,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,590(+13.9%)
Key Takeaway
Homes in Cornelia have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Cornelia was $340,000 in November 2024, up 13.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $250K | +85.2% |
| 2 Bedrooms | $226K | $251.9K | +11.5% |
| 3 Bedrooms | $279.3K | $305.3K | +9.3% |
| 4 Bedrooms | $339.5K | $347.2K | +2.3% |
| 5+ Bedrooms | $415K | $410K | -1.2% |
Summary: Cornelia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.2%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Mount Airy | $286K | $330K | +15.4% |
| Cornelia | $298.4K | $340K | +13.9% |
Housing Supply in Cornelia, GA
How many homes are available in Cornelia, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 65 | +6.6% |
Summary: The Cornelia real estate market had 65 homes for sale in November 2024, a 6.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Cornelia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cornelia, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Cornelia in November 2024, up by 38.5% month-over-month. Of the 17 sold homes, 76% were sold under asking, 24% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 44 Days | +66.7% |
Summary: Homes in Cornelia had an average of 44 days on market in Nov 2024, up by 66.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 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 November 2024, 18 homes were sold in Cornelia; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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