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DeKalb Times

Wednesday, November 27, 2024

Home prices decreased in Cortland during December 2020

Re 12

The median sale price of a home sold in December 2020 in Cortland fell by $17,500 while total sales decreased by 37.5%, according to BlockShopper.com.

In December 2020, there were five homes sold, with a median sale price of $150,000 - a 10.4% decrease over the $167,500 median sale price for the same period of the previous year. There were eight homes sold in Cortland in December 2019.

The median sales tax in Cortland for the most recent year with available data, 2019, was $5,462, approximately 3.6% of the median home sale price for December 2020.

The following table compares Cortland to other DeKalb County cities with similar median sale prices in December 2020:

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
Kirkland45-20%$266,000$70,000280%
Maple Park31200%$251,000$192,95030.1%
Somonauk34-25%$248,500$159,75055.6%
Sycamore332250%$237,400$171,45038.5%
Kingston550%$225,050$200,00012.5%
Sandwich151315.4%$210,000$157,50033.3%
Genoa13785.7%$205,000$179,90014%
Cortland58-37.5%$150,000$167,500-10.4%
DeKalb4153-22.6%$150,000$131,00014.5%
Shabbona3250%$132,555$162,750-18.6%
Malta21100%$114,750$468,000-75.5%

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