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Foreclosure Homes in Cortland, IL 60112

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Cortland, IL Foreclosures

How much do homes sell for in Cortland, IL?
The average home price is currently $288,702.
In Cortland, IL, how many homes are available?
There are currently 21 active home listings available in Cortland.
What’s the average rental cost in Cortland, IL?
The average rental price in Cortland is $1,411.
What is the most expensive home in Cortland?
The most expensive home sold in Cortland had a price of $8,495,702.
What is currently the cheapest priced home in Cortland, IL?
The cheapest home for sale in Cortland is priced at $12,634.

Living in Cortland, IL

Cortland, Illinois, is a charming village with a strong sense of community and access to beautiful parks. Residents enjoy a blend of suburban and rural lifestyles, with quick access to essential services and recreational activities. This makes Cortland an attractive place for families and real estate investors.

Current Market Conditions in Cortland, IL

Cortland's real estate market has shown steady growth in recent years, with an increasing demand for single-family homes. The village's appeal lies in its affordable housing options, community-oriented lifestyle, and excellent schools, making it a prime location for new homebuyers and investors.

With ongoing development and improvements in local infrastructure, more investors are recognizing the potential of Cortland for residential properties. The housing market is expected to continue its upward trend, presenting valuable opportunities for both flipping homes and long-term investments.

Home Value Estimator For Cortland, IL

There are currently 1,563 real estate properties in Cortland, IL, with a median automated valuation model (AVM) price of $281,258.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cortland, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cortland, IL, is $288,702.00, with the most expensive house in Cortland, IL, topping out at $8,495,702.00 and the cheapest home in Cortland, IL, clocking in at $12,634.00. In other words, there’s something for every potential homebuyer or savvy investor in Cortland, IL!

Rent Prices In Cortland, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cortland, IL, is on a rollercoaster ride. The average rent price in Cortland, IL, is $1,411.00. Indeed, when looking to rent in Cortland, IL, you can expect to pay as little as $910.00 or as much as $2,470.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Cortland, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cortland, IL 60112 Foreclosures


Market Trend for Cortland, IL

Total Listings Available: 21

Market Values:

Home Prices from $12,634 to $8,495,702

Average Sales Price: $288,702

Rental Values:

Rental from $910 to $2,470

Average Rent Value: $1,411 / month

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