Is Cortland Township, IL 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 Township has remained a Seller's Market.
Housing Prices in Cortland Township, IL
How much do homes in Cortland Township, IL cost?
Median Sold Price
$285,900
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cortland Township was $285,900 in April 2024, up 9.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204.9K | - | N/A |
2 Bedrooms | $185K | $230K | +24.3% |
3 Bedrooms | $256.2K | $279.9K | +9.2% |
4 Bedrooms | $293K | $320K | +9.2% |
5+ Bedrooms | $408.5K | $315K | -22.9% |
Summary: Cortland Township 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 24.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.2%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 72 | +26.3% |
Summary: The Cortland Township real estate market had 72 homes for sale in April 2024, a 26.3% increase 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 | 8 | 9 | +12.5% |
3 Bedrooms | 26 | 36 | +38.5% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cortland Township 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 increased by 12.5%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 20 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Cortland Township in April 2024, up by 150.0% month-over-month. Of the 20 sold homes, 25% were sold under asking, 35% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 35 Days | -38.1% |
Summary: Homes in Cortland Township had an average of 35 days on market in Apr 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Cortland Township; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.