Is Cornell, IL 61319 a buyer’s or seller’s market?
Cornell is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Cornell housing market right now
In the three months ending August 31, 2026, 33% of homes in Cornell, IL 61319 sold above their list price, the typical home went under contract in 55 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (35 days then) and the median sale price rose 213% to $206,910. Overall, Cornell is less competitive than a year ago, which gives buyers more room.
Within Livingston County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 91%.
Nearby, buyers who want less competition could look at Strawn 61775 (0% sold over asking) or Saunemin 61769 (0% sold over asking).
Run the numbers for 61319
Nearby markets
Ancona 61311 — /sq ftBlackstone 61313 — /sq ftChatsworth 60921Buyer’s market $83 /sq ftCullom 60929Buyer’s market $82 /sq ft Browse all markets →Towns like Cornell nearby
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Questions about Cornell real estate
Is Cornell a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Cornell, IL 61319 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cornell?
The typical home went under contract in 55 days in the latest three months.
Do homes in Cornell sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Cornell?
About 2.05% of a home’s value a year in Livingston County, or roughly $8,200 on a $400,000 home.
What is the median home price in Cornell?
The median sale price was $206,910 in the three months ending August 31, 2026, about $114 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology