Cortland, IL Home Values & Market Trends

Real estate market trends reflect that there have been 67 transactions over the past year in Cortland. The median value for residential home transactions that occurred over the previous year is $254,660. The number of current listings in Cortland is 0, and the percentage of properties for sale in the city is 0.00%. Cortland, IL currently has 20 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 0 properties for sale.

Cortland, IL Real Estate Market Overview

ZipMedian Est. Value
60112

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Housing Market Summary for Cortland, IL

Mar 2023February 2024Change
Median Listing Price$0$236.7K-
Median Sold Price$235.2K$236.7K0.63%
Homes For Sale01-
Homes Sold344326.47%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Cortland, IL

Cortland home values range from $48,354 to $711,583. The median estimated value of a home in Cortland is $254,660. The median list price of a home is 0, and the total count of properties in the city is 1,416.

Foreclosure
There is 1 zips within Cortland, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $309,189 in 60112 to the lowest value of $160,842 in 60112. Foreclosure homes account for 1.00% of properties in Cortland, IL with 60112 containing 20 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.99% of all residential properties in Cortland, IL with 60112 containing 14 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Cortland, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $309,189 in 60112 to the lowest home value of $160,842 in 60112.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Cortland, IL ranges from the highest value of $275,000 in 60112 to the lowest value of $263,298 in 60112. Bank owned homes and properties account for 0.14% of properties in Cortland, IL. There is 1 zips within Cortland, IL; 60112 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60112 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Cortland, IL. Auction homes and other auction properties account for 0.28% of all properties in Cortland, IL. There is 1 zips within Cortland, IL; of that zips, the median estimated home value for homes going to auction ranges from $255,195 in 60112 to the lowest value of $188,451 in 60112.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.00% of residential properties in Cortland, IL with 60112 containing 0 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Cortland, IL; homes for sale in that zips, have a range of median values from $0 in 60112 to the lowest value of $0 in 60112.
    Sold Homes
    The median value for recently sold homes ranges from $331,056 in 60112 to the lowest price of $113,391 in 60112. There is 1 zips within Cortland, IL. 60112 has 35 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.47% of properties in Cortland, IL.

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      Guide for Cortland, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?

      Recently Listed Homes Cortland, IL

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