$2,314 Closing Credit*
$194,900
1,695 SqFt
3 Beds
•1 Full Bath, 1 Partial
Melissa A Palmer, 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 November 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
$208,900
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,900(+10.5%)
Key Takeaway
Homes in Cortland have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Cortland was $208,900 in November 2024, up 10.5% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | - | N/A |
| 2 Bedrooms | $142.2K | $146.5K | +3.0% |
| 3 Bedrooms | $193.2K | $214.9K | +11.2% |
| 4 Bedrooms | $265K | $295K | +11.3% |
| 5+ Bedrooms | $337.5K | $305K | -9.6% |
Summary: Cortland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Fowler Township | $171.5K | $238K | +38.8% |
| Mecca Township | $190K | $230K | +21.1% |
| Cortland | $189K | $208.9K | +10.5% |
| Bazetta Township | $157K | $156K | -0.6% |
Housing Supply in Cortland, OH
How many homes are available in Cortland, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 51 | -15.0% |
Summary: The Cortland real estate market had 51 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Cortland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cortland, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Cortland in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -4.6% |
Summary: Homes in Cortland had an average of 32 days on market in Nov 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cortland has remained consistent over time.
Summary: During November 2024, 14 homes were sold in Cortland; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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