Is Cortland, NE 68331 a buyer’s or seller’s market?
Cortland is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cortland housing market right now
In the three months ending August 31, 2026, 0% of homes in Cortland, NE 68331 sold above their list price, the typical home went under contract in 18 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (26 days then) and the median sale price rose 6% to $459,801. Overall, Cortland is less competitive than a year ago, which gives buyers more room.
Within Gage County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Adams 68301 (30% sold over asking) and Beatrice 68310 (18% sold over asking) are even more competitive.
Run the numbers for 68331
Nearby markets
Adams 68301Seller’s market $154 /sq ftBeatrice 68310Seller’s market $118 /sq ftBlue Springs 68318Buyer’s market $424 /sq ftClatonia 68328 — /sq ft Browse all markets →Towns like Cortland nearby
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Questions about Cortland real estate
Is Cortland a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Cortland, NE 68331 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cortland?
The typical home went under contract in 18 days in the latest three months.
Do homes in Cortland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.
What are property taxes in Cortland?
About 1.41% of a home’s value a year in Gage County, or roughly $5,640 on a $400,000 home.
What is the median home price in Cortland?
The median sale price was $459,801 in the three months ending August 31, 2026, about $196 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology