James Folk acquires 305 N. Fourth St., Cornell, appraised at $50,000

The home at 305 N. Fourth St., Cornell, was sold on May 29 by Gerald Dixon for $50,000.

James Folk was listed as the buyer.

Property taxes on the home totaled $99 in 2024, or 0.2% of the sale price.

This property is the only sale in Cornell, Livingston County, between April 29 and May 29.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.