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DeKalb Times

Sunday, November 24, 2024

Cortland home prices fall in January 2019

Re 4

The median sale price of a home sold in January 2019 in Cortland fell by $30,387 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

In January 2019, there were three homes sold, with a median sale price of $125,560 - a 19.5% decrease over the $155,947 median sale price for the same period of the previous year. There were three homes sold in Cortland in January 2018, as well.

The median sales tax in Cortland for the most recent year with available data, 2017, was $5,250, approximately 4.2% of the median home sale price for January 2019.

The following table compares Cortland to other DeKalb County cities with similar median sales prices in January 2019:

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Kingston12-50%$249,900$195,00028.2%
Hinckley13-66.7%$216,000$105,000105.7%
Kirkland42100%$189,424.50$202,500-6.5%
Genoa310-70%$187,500$139,45034.5%
Malta12-50%$178,000$124,25043.3%
Sycamore2228-21.4%$167,000$170,180-1.9%
Cortland330%$125,560$155,947.31-19.5%
DeKalb2330-23.3%$125,000$116,9506.9%
Somonauk12-50%$102,200$147,900-30.9%
Sandwich11683.3%$100,000$212,000-52.8%
Shabbona12-50%$84,901$134,000-36.6%

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