Urbana, IL Home Values & Market Trends

Real estate market trends reflect that there have been 759 transactions over the past year in Urbana. The median value for residential home transactions that occurred over the previous year is $167,317.88. The number of current listings in Urbana is 12, and the percentage of properties for sale in the city is 12.00%. Urbana, IL currently has 33 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 12 properties for sale.

Urbana, IL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
61802

$ 227,972

$ 119/sqft

61801

$ 230,881

$ 106/sqft

Housing Market Summary for Urbana, IL

Mar 2023February 2024Change
Median Listing Price$167K$166K-0.62%
Median Sold Price$156.5K$166K6.06%
Homes For Sale12138.33%
Homes Sold3553899.58%
Price
$/Sqft
Homes For Sale
0
0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0
0

Browse Homes in Urbana, IL

Urbana home values range from $19,252 to $7,445,202. The median estimated value of a home in Urbana is $167,317.88. The median list price of a home is 204,900, and the total count of properties in the city is 11,585.

Foreclosure
There are 2 zips within Urbana, IL; within these zips, the median estimated home value for homes in foreclosure ranges from $263,198 in 61802 to the lowest value of $47,500 in 61802. Foreclosure homes account for 0.00% of properties in Urbana, IL with 61802 containing 21 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.24% of all residential properties in Urbana, IL with 61802 containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Urbana, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $215,114 in 61801 to the lowest home value of $65,850 in 61802.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Urbana, IL ranges from the highest value of $47,500 in 61802 to the lowest value of $47,500 in 61802. Bank owned homes and properties account for 0.01% of properties in Urbana, IL. There are 2 zips within Urbana, IL; 61802 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    61802 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Urbana, IL. Auction homes and other auction properties account for 0.03% of all properties in Urbana, IL. There are 2 zips within Urbana, IL; of those zips, the median estimated home value for homes going to auction ranges from $401,091 in 61801 to the lowest value of $164,164 in 61801.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.10% of residential properties in Urbana, IL with 61801 containing 6 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Urbana, IL; homes for sale in those zips, have a range of median values from $311,500 in 61801 to the lowest value of $42,500 in 61802.
    Sold Homes
    The median value for recently sold homes ranges from $611,844 in 61801 to the lowest price of $29,742 in 61801. There are 2 zips within Urbana, IL. 61802 has 206 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.25% of properties in Urbana, IL.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Urbana, IL
      $
      $

      Guide for Urbana, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Investing Strategies
      How To Identify The Best Cities to Invest In 2024
      New York
      Upward Trend in Houston’s Real Estate Market: Comprehensive Analysis of 2023-2024 Trends
      Investing Strategies
      Saint Louis Real Estate Rebounds: Roller Coaster Trends Mark 2023-2024 Market Outlook
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Identify The Best Cities to Invest In 2024
      Investing Strategies|posted 28 March 2024

      How to find the cities to invest in for 2024 and make informed decisions for your financial future.

      Upward Trend in Houston’s Real Estate Market: Comprehensive Analysis of 2023-2024 Trends
      New York|posted 27 March 2024

      Between March 2023 and February 2024 the Houston real estate market witnessed a moderate rise in property values with mild fluctuations in the average selling price per sq ft.

      Saint Louis Real Estate Rebounds: Roller Coaster Trends Mark 2023-2024 Market Outlook
      Investing Strategies|posted 27 March 2024

      The Saint Louis real estate market has displayed resilience amidst fluctuations, with average home values rebounding and a consistent upward trend in average sale prices.

      Recently Listed Homes Urbana, IL

      No data to show