$1,223 Closing Credit*
$103,000
884 SqFt
2 Beds
•1 Full Bath
Joanne H Wagner, Listing Office: Brokers Realty Group
Is Cortland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cortland has remained a Seller's Market.
Key Takeaway
Cortland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cortland, OH
How much do homes in Cortland, OH cost?
Median Sold Price
$207,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+11.9%)
Key Takeaway
Homes in Cortland have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Cortland was $207,000 in October 2024, up 11.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | - | N/A |
| 2 Bedrooms | $139K | $146.5K | +5.4% |
| 3 Bedrooms | $191K | $212.4K | +11.2% |
| 4 Bedrooms | $250K | $291K | +16.4% |
| 5+ Bedrooms | $307.9K | $321.2K | +4.3% |
Summary: Cortland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Fowler Township | $166.4K | $247.4K | +48.6% |
| Cortland | $185K | $207K | +11.9% |
| Bazetta Township | $157K | $155K | -1.3% |
Housing Supply in Cortland, OH
How many homes are available in Cortland, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 59 | +13.5% |
Summary: The Cortland real estate market had 59 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cortland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cortland, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Cortland in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for Cortland, OH
How long does it take to sell a home in Cortland, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 35 Days | -21.3% |
Summary: Homes in Cortland had an average of 35 days on market in Oct 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cortland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Cortland; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.