Is Cornwall, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cornwall is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Cornwall has remained a Seller's Market.

Key Takeaway

Cornwall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cornwall, NY

How much do homes in Cornwall, NY cost?

Median Sold Price

$525,000

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,000(+12.9%)

Key Takeaway

Homes in Cornwall have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Cornwall was $525,000 in November 2024, up 12.9% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$140K
+27.3%
2 $350K$325K
-7.1%
3 $441K$459K
+4.1%
4 $622K$610K
-1.9%
5+ $600K$647.5K
+7.9%

Summary: Cornwall housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Cornwall-on-Hudson
+15.8%
Cornwall
+12.9%
New Windsor
+9.2%

Housing Supply in Cornwall, NY

How many homes are available in Cornwall, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6357-9.5%

Summary: The Cornwall real estate market had 57 homes for sale in November 2024, a 9.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 129
-25.0%
3 1819
+5.6%
4 1716
-5.9%
5+ 1310
-23.1%

Summary: The Cornwall 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 decreased by 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cornwall, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Cornwall in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for Cornwall, NY

How long does it take to sell a home in Cornwall, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days41 Days-25.2%

Summary: Homes in Cornwall had an average of 41 days on market in Nov 2024, down by 25.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cornwall has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Cornwall; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Cornwall, NY

Nearby Markets to Cornwall, NY

What housing markets are near Cornwall, NY?