Is North Cornwall Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Cornwall Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Cornwall Township, PA

How much do homes in North Cornwall Township, PA cost?

Median Sold Price

$405,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$105,000(+35.0%)

Key Takeaway

Homes in North Cornwall Township have sold for 35% more than they did a year ago.

Summary: The median home sold price in North Cornwall Township was $405,000 in November 2024, up 35% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155K$120K
-22.6%
2 $214.5K$232.5K
+8.4%
3 $245K$267.5K
+9.2%
4 $440K$473K
+7.5%
5+ $541.5K$485K
-10.4%

Summary: North Cornwall Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Cities

North Cornwall Township
+35.0%
Lebanon
+12.1%
North Lebanon Township
+6.8%
Cleona
-0.8%

Housing Supply in North Cornwall Township, PA

How many homes are available in North Cornwall Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4344+2.3%

Summary: The North Cornwall Township real estate market had 44 homes for sale in November 2024, a 2.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 109
-10.0%
3 1817
-5.6%
4 1114
+27.3%
5+ 33
0.0%

Summary: The North Cornwall Township 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 10%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Cornwall Township, 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 North Cornwall Township in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% were sold over asking.

Days on Market for North Cornwall Township, PA

How long does it take to sell a home in North Cornwall Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days9 Days+72.2%

Summary: Homes in North Cornwall Township had an average of 9 days on market in Nov 2024, up by 72.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Cornwall Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in North Cornwall Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in North Cornwall Township, PA

Nearby Markets to North Cornwall Township, PA

What housing markets are near North Cornwall Township, PA?