Cortland, IL
Housing market overview · Updated weekly
$249,900median sale price
Homes sold
4
Last 12 weeks
Days on market
200
Average pace
Active listings
23
5.8 months supply
Sale-to-list
99.4%
Below asking
The Cortland housing market is currently classified as a buyer's market with a median sale price of $249,900. Prices have fallen 5.3% compared to last year, with homes spending an average of 200 days on market, indicating 5.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Cortland
There are currently 23 homes listed for sale in Cortland, Illinois. The median listing price is $305K.
Active listings
23
Homes on market
Median list price
$305K
Avg. days on market
200
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Cortland?
The median home sale price in Cortland is $249,900, down 5.3% from last year.
How long do homes stay on market in Cortland?
Homes typically spend 200 days on market before going under contract.
Is Cortland a buyer's or seller's market?
With 5.8 months of supply, Cortland is currently a buyer's market.
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