83 homes sold in Cortland in the last year, at a typical $280K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cortland homes are listed.
Every place Cortland homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cortland.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 54% of Cortland’s sales, at a typical $324K
83 homes sold in the year to May 2026.
typical sale · 45 sold in 12 months
- Per square foot
- $179IL $180
- Days to sell
- 69
- Sold over asking
- 40%
- Listings with a price cut
- 22%
Townhouses: 37 sold, typical $246K
Condos: 1 sold, typical $180K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
83 sales in the last year, against 93 in 2020 and a low of 68 in 2014. The typical sale went from $152K in 2016 to $280K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Cortland
Check a listing against what Cortland homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cortland are more common than before the pandemic, and more homes are for sale
We read every month of Cortland’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 83 sales.
If you’re buying in Cortland
- Shop in March. It brings about 9 new listings a month, close to the busiest month, with fewer bidding wars (25% over asking).
- Less room to haggle. Only 16% of listings cut their price, against 21% before the pandemic.
- Bid near asking. Buyers paid 99.9% of the list price on average; 39% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 97 days.
Spring brings the homes; fall brings the bidding wars
April has the most new listings (about 11 a month), but September is the most competitive: 42% of September sales close over asking. March offers nearly as much choice with fewer homes bid up (25%). February has the least competition (18%) but only about 6 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Cortland now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 39% | 24% | 44% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 44% | 54% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 21% | 21% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.9% | 98% | 100.6% | 99.2% |
| Days to sellMedian days from listing to contract | 97 | 58 | 20 | 49 |
30 homes for sale on a typical day
That’s 3.1 times the 2020 low (10) and 62% more than in 2017–19.
1 in 6 listings has cut its price
16% in the last year, against 21% in 2017–19 and 19% across Illinois.
Cortland ranks 155th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Cortland is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cortland home costs about $2,124 a month
Price: Cortland’s typical sale, last 12 months. Property tax at Cortland’s 2.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cortland is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $280K home, about $7,950 a year.
Taxes vs. neighborsSchools
The schools grade for Cortland, from test results, graduation and how much students grow.
Schools in CortlandTypical commute
The average one-way trip to work for people who live in Cortland.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
DeKalb and Malta sell for less a square foot
The busier markets within 25 miles of Cortland, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Sycamore | 339 | $325K | $181 | 29% | 58 |
| DeKalb | 329 | $258K | $164 | 43% | 48 |
| Cortland | 83 | $280K | $176 | 39% | 97 |
| Genoa | 76 | $304K | $191 | 29% | 56 |
| Hinckley | 49 | $356K | $173 | 22% | 91 |
| Maple Park | 48 | $380K | $181 | 23% | 64 |
| Malta | 42 | $287K | $164 | 21% | 160 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Cortland, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cortland. People who follow the town see it, and so do people comparing Cortland with their own town. No commission, no listing fee.
Questions about buying a home in Cortland
What do homes sell for in Cortland, IL?
83 homes sold in the year to May 2026 at a typical $280K, $176 a square foot.
Is Cortland a buyer’s or seller’s market?
A balanced market: 28 homes were for sale in May 2026 and 5 sold, about 5.6 months of supply. Buyers paid 99.9% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Cortland?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cortland?
About 2.8% of a home’s value a year. On a $280K home that’s near $7,950.
Where can I see homes for sale in Cortland?
Zillow, Redfin, Realtor.com and Homes.com all carry Cortland’s MLS listings; the search links above open each one filtered to Cortland.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).