Urbana, IL Home Values & Market Trends
Real estate market trends reflect that there have been 741 transactions over the past year in Urbana. The median value for residential home transactions that occurred over the previous year is $165,134.37. The number of current listings in Urbana is 14, and the percentage of properties for sale in the city is 14.00%. Urbana, IL currently has 26 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 14 properties for sale.
Urbana, IL Real Estate Market Overview
Housing Market Summary for Urbana, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $202.3K | $169.4K | -16.26% |
| Median Sold Price | $154.8K | $169.4K | 9.46% |
| Homes For Sale | 10 | 11 | 10.00% |
| Homes Sold | 274 | 362 | 32.12% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Urbana, IL
Browse Homes in Urbana, IL
Urbana home values range from $19,596 to $7,431,390. The median estimated value of a home in Urbana is $165,134.37. The median list price of a home is 204,900, and the total count of properties in the city is 11,588.
- Pre-ForeclosurePre-foreclosure homes account for 0.20% of all residential properties in Urbana, IL with 61802 containing 13 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 $212,064 in 61801 to the lowest home value of $72,563 in 61802.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Urbana, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Urbana, IL. There are 2 zips within Urbana, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61802 has 2 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 $155,806 in 61801 to the lowest value of $136,718 in 61801.
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