Is Cortland Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cortland Township was a Seller's Market.
Housing Prices in Cortland Township, IL
How much do homes in Cortland Township, IL cost?
Median Sold Price
$285,450
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cortland Township was $285,450 in March 2024, up 9.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $204.9K | N/A |
2 Bedrooms | $182K | $217.5K | +19.5% |
3 Bedrooms | $257.5K | $281.9K | +9.5% |
4 Bedrooms | $285K | $337.4K | +18.4% |
5+ Bedrooms | $408.5K | $315K | -22.9% |
Summary: Cortland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 22.9%.
Housing Supply in Cortland Township, IL
How many homes are available in Cortland Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 58 | +13.7% |
Summary: The Cortland Township real estate market had 58 homes for sale in March 2024, a 13.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cortland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Cortland Township in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Cortland Township, IL
How long does it take to sell a home in Cortland Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 53 Days | +166.7% |
Summary: Homes in Cortland Township had an average of 53 days on market in Mar 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Cortland Township; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.