Altos Market Data for Realtors

Cortland, IL

Single-Family Homes

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Cortland, IL

Tue Sep 21 2021
This week the median list price for Cortland, IL is $218,500 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has increased to 7. Click here to stay informed with the Cortland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Cortland, IL

Tue Sep 21 2021
This week the median list price for Cortland, IL is $218,500 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has increased to 7. Click here to stay informed with the Cortland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Cortland market.
Median List Price $218,500
Median Price of New Listings $218,500
Per Square Foot $137
Average Days on Market 15
Median Days on Market 14
Price Decreased 29%
Price Increased 0%
Relisted 14%
Inventory 7
Median Rent $3,995
Market Action 70
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$309,524 1,387 6,500 - 8,000 sqft 3 2 0 0 0 56
$239,450 2,406 4,500 - 6,500 sqft 3 2 13 1 1 7
$209,200 1,695 0 - 4,500 sqft 3 2 13 2 0 7
$193,700 1,107 8,000 - 10,000 sqft 2 1 16 0 1 10