Quantcast

DeKalb Times

Monday, November 25, 2024

Cortland home prices fall in July 2019

Re 8

The median sale price of a home sold in July 2019 in Cortland fell by $46,100 while total sales decreased by 28.6%, according to BlockShopper.com.

In July 2019, there were five homes sold, with a median sale price of $111,800 - a 29.2% decrease over the $157,900 median sale price for the same period of the previous year. There were seven homes sold in Cortland in July 2018.

The median sales tax in Cortland for the most recent year with available data, 2018, was $5,332, approximately 4.8% of the median home sale price for July 2019.

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

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Somonauk5425%$202,500$147,24037.5%
Genoa712-41.7%$190,000$159,75018.9%
Sandwich15966.7%$182,500$194,000-5.9%
Sycamore464015%$175,000$166,0005.4%
Kirkland60-$171,000$0-
Hinckley84100%$163,500$229,000-28.6%
Shabbona21100%$153,000$115,00033%
DeKalb62603.3%$149,750$137,7508.7%
Malta41300%$141,750$43,334227.1%
Cortland57-28.6%$111,800$157,900-29.2%
Kingston41300%$105,250$178,000-40.9%

MORE NEWS