Is Cortland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$198,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cortland was $198,000 in April 2024, up 4.2% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | - | N/A |
2 Bedrooms | $137.5K | $139.7K | +1.6% |
3 Bedrooms | $190K | $207.5K | +9.2% |
4 Bedrooms | $254.5K | $265K | +4.1% |
5+ Bedrooms | $160.9K | $321.2K | +99.6% |
Summary: Cortland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 99.6%.
Median Sold Price Compared To Nearby Cities
Fowler Township | $185K | $212.5K | +14.9% |
Cortland | $190K | $198K | +4.2% |
Bazetta Township | $163.9K | $157.7K | -3.8% |
Housing Supply in Cortland, OH
How many homes are available in Cortland, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 41 | -10.9% |
Summary: The Cortland real estate market had 41 homes for sale in April 2024, a 10.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 23 | 20 | -13.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cortland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Cortland in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 37 Days | -12.4% |
Summary: Homes in Cortland had an average of 37 days on market in Apr 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Cortland; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.