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Featured local agent — Cortland, IL
Sarah Mitchell
Compass Real Estate · Cortland, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cortland, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$320,000median sale price
How is the Cortland, IL housing market right now?
The median home sale price in Cortland, IL is $320,000, up 2.9% year-over-year. Homes sell in an average of 45 days with 28 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cortland a buyer's or seller's market?
Cortland, IL is currently a leaning buyer's, based on 5.6 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
45
Average pace
Active listings
28
5.6 months supply
Sale-to-list
99.9%
Below asking
What does the Cortland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $320,000 |
| Median list price | $258,450 |
| Year-over-year price change | +2.9% |
| Average days on market | 45 days |
| Active inventory | 28 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $178/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 12 |
| Listings with a price cut | 25.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Cortland by property type?
How the Cortland, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $329,900 | $188/sq ft | 3 | 91 days |
| Condo / Co-op | $179,500 | $163/sq ft | 1 | 65 days |
| Townhouse | $266,000 | $169/sq ft | 2 | 43 days |
Source: Redfin · Updated monthly
The Cortland housing market is currently classified as a leaning buyer's with a median sale price of $320,000. Prices have risen 2.9% compared to last year, with homes spending an average of 45 days on market, indicating 5.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Cortland
There are currently 28 homes listed for sale in Cortland, Illinois. The median listing price is $258K.
Active listings
28
Homes on market
Median list price
$258K
Avg. days on market
45
Days until sale
New this week
12
Newly listed
Who lives in Cortland?
Population
4,556
Median income
$82,750/yr
Median age
31.9 years
Owner-occupied
77.0%
College grads
31.1%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Cortland?
Zillow home value
$297,105
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Cortland?
Cortland is a community of approximately 5K residents with a median age of 31.9 years.The median household income is $82,750, which reflects a relatively affluent area with strong earning potential. 31.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cortland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cortland?
1 schools tracked · 505 students
The largest public schools serving Cortland, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cortland Elementary School
Grades K-5 · 505 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cortland, IL?
Want a head-to-head view? Compare Cortland side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cortland?
The median home sale price in Cortland is $320,000, up 2.9% from last year.
How long do homes stay on market in Cortland?
Homes typically spend 45 days on market before going under contract.
What is the median income in Cortland?
The median household income is $82,750 per year.
Is Cortland a buyer's or seller's market?
With 5.6 months of supply, Cortland is currently a leaning buyer's.
What is the Zillow home value estimate for Cortland?
The Zillow Home Value Index (ZHVI) for Cortland is $297,105, representing the typical home value in the area.
What is the median condo price in Cortland?
The median condo/co-op sale price in Cortland, IL is $179,500, compared to $329,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cortland?
The median single-family home price in Cortland, IL is $329,900 (about $188 per square foot).
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