Is Cortland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cortland has remained a Seller's Market.
Housing Prices in Cortland, OH
How much do homes in Cortland, OH cost?
Median Sold Price
$195,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cortland was $195,000 in March 2024, up 6.6% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | - | N/A |
2 Bedrooms | $132.1K | $139.7K | +5.8% |
3 Bedrooms | $189K | $201.1K | +6.4% |
4 Bedrooms | $249K | $265K | +6.4% |
5+ Bedrooms | $160.9K | $337.5K | +109.7% |
Summary: Cortland 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 5.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 109.7%.
Median Sold Price Compared To Nearby Cities
Mecca Township | $168K | $190K | +13.1% |
Cortland | $183K | $195K | +6.6% |
Bazetta Township | $157.5K | $159K | +1.0% |
Fowler Township | $205K | $191K | -6.8% |
Housing Supply in Cortland, OH
How many homes are available in Cortland, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 46 | +7.0% |
Summary: The Cortland real estate market had 46 homes for sale in March 2024, a 7.0% 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 | 10 | 12 | +20.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cortland 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Cortland in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 61 Days | -2.8% |
Summary: Homes in Cortland had an average of 61 days on market in Mar 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Cortland; 24% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.