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Featured local agent — Cortland, NY
Sarah Mitchell
Compass Real Estate · Cortland, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cortland, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$186,000median sale price
How is the Cortland, NY housing market right now?
The median home sale price in Cortland, NY is $186,000, down 12.3% year-over-year. Homes sell in an average of 35 days with 36 active listings. The market is currently a balanced market. (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, NY is currently a balanced market, based on 4.0 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
35
Average pace
Active listings
36
4.0 months supply
Sale-to-list
97.7%
Below asking
What does the Cortland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $186,000 |
| Median list price | $177,450 |
| Year-over-year price change | -12.3% |
| Average days on market | 35 days |
| Active inventory | 36 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 97.7% |
| Median price per sq ft | $140/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 20 |
| Listings with a price cut | 16.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cortland by property type?
How the Cortland, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $199,000 | $156/sq ft | 6 | 32 days |
| Condo / Co-op | $153,000 | $104/sq ft | 1 | 167 days |
| Townhouse | $179,000 | $47/sq ft | 1 | 25 days |
Source: Redfin · Updated monthly
The Cortland housing market is currently classified as a balanced market with a median sale price of $186,000. Prices have fallen 12.3% compared to last year, with homes spending an average of 35 days on market, indicating 4.0 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Cortland
There are currently 36 homes listed for sale in Cortland, New York. The median listing price is $177K.
Active listings
36
Homes on market
Median list price
$177K
Avg. days on market
35
Days until sale
New this week
20
Newly listed
Who lives in Cortland?
Population
17,465
Median income
$55,368/yr
Median age
27.2 years
Owner-occupied
44.6%
College grads
26.1%
Avg commute
16.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Cortland?
Zillow home value
$209,342
Zillow rent index
$1,367/mo
Price-to-rent ratio
12.8x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Cortland?
Cortland is a community of approximately 17K residents with a median age of 27.2 years.The median household income is $55,368, which represents a working-class community with solid middle-income opportunities. 26.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 44.6%, showing a blend of owner and renter-occupied properties. The average commute time is 16.1 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?
5 schools tracked · 1,862 students
The largest public schools serving Cortland, NY 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 HIGH SCHOOL
Grades 9-12 · 592 students
FRANKLYN S BARRY PRIMARY SCHOOL
Grades PK-2 · 458 students
CORTLAND JUNIOR HIGH SCHOOL
Grades 7-8 · 277 students
FE SMITH INTERMEDIATE SCHOOL
Grades 3-4 · 272 students
RANDALL MIDDLE SCHOOL
Grades 5-6 · 263 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, NY?
Want a head-to-head view? Compare Cortland side-by-side with any other U.S. city using our market-comparison tool.
Is Cortland a good real estate investment market?
For investors evaluating Cortland, the price-to-rent ratio of 12.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 12.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cortland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cortland's median home price.
Frequently asked questions
What is the average home price in Cortland?
The median home sale price in Cortland is $186,000, down 12.3% from last year.
How long do homes stay on market in Cortland?
Homes typically spend 35 days on market before going under contract.
What is the median income in Cortland?
The median household income is $55,368 per year.
Is Cortland a buyer's or seller's market?
With 4.0 months of supply, Cortland is currently a balanced market.
What is the Zillow home value estimate for Cortland?
The Zillow Home Value Index (ZHVI) for Cortland is $209,342, 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, NY is $153,000, compared to $199,000 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, NY is $199,000 (about $156 per square foot).
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