$2,611 Closing Credit*
$219,900
1,275 SqFt
2 Beds
•1 Full Bath, 1 Partial
Samuel Groff, Listing Office: Iron Valley Real Estate of Lancaster
Is Cornwall, PA 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, Cornwall was a Buyer's Market.
Key Takeaway
Cornwall is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cornwall, PA
How much do homes in Cornwall, PA cost?
Median Sold Price
$398,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,906(+7.0%)
Key Takeaway
Homes in Cornwall have sold for 7% more than they did a year ago.
Summary: The median home sold price in Cornwall was $398,000 in November 2024, up 7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $266.5K | $324K | +21.6% |
| 3 Bedrooms | $363.2K | $402.6K | +10.9% |
| 4 Bedrooms | $424.9K | $558.7K | +31.5% |
| 5+ Bedrooms | $550K | $702.5K | +27.7% |
Summary: Cornwall housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Cities
| North Cornwall Township | $300K | $405K | +35.0% |
| Cornwall | $372K | $398K | +7.0% |
| South Lebanon Township | $271.7K | $275K | +1.2% |
| Penn Township | $340K | $329K | -3.2% |
| West Cornwall Township | $319.5K | $272.2K | -14.8% |
Housing Supply in Cornwall, PA
How many homes are available in Cornwall, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 36 | -16.3% |
Summary: The Cornwall real estate market had 36 homes for sale in November 2024, a 16.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
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 16.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cornwall, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cornwall in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Cornwall, PA
How long does it take to sell a home in Cornwall, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +4.8% |
Summary: Homes in Cornwall had an average of 18 days on market in Nov 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cornwall are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Cornwall; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
