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DeKalb Times

Wednesday, November 27, 2024

Home prices increased in Cortland during 2020

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in 2020 in Cortland rose by $15,500 while total sales decreased by 9%, according to BlockShopper.com.

From January through December of 2020, there were 81 homes sold, with a median sale price of $181,500 - a 9.3% increase over the $166,000 median sale price for the previous year. There were 89 homes sold in Cortland in 2019.

The median sales tax in Cortland for the most recent year with available data, 2019, was $5,462, approximately 3% of the median home sale price for 2020.

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

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Kingston3951-23.5%$225,000$191,50017.5%
Hinckley4045-11.1%$202,500$189,9006.6%
Waterman2633-21.2%$200,810.60$175,50014.4%
Sycamore379429-11.7%$191,500$179,0007%
Sandwich143151-5.3%$185,000$157,00017.8%
Cortland8189-9%$181,500$166,0009.3%
Somonauk2848-41.7%$181,450$166,0009.3%
Genoa12210219.6%$178,750$177,612.500.6%
Kirkland3748-22.9%$162,500$170,450-4.7%
Malta3033-9.1%$155,500$142,0009.5%
DeKalb501518-3.3%$153,400$142,0008%

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