Urbana, IL
Housing market overview · Updated weekly
$225,000median sale price
Homes sold
31
Last 12 weeks
Days on market
79
Average pace
Active listings
76
2.5 months supply
Sale-to-list
96.8%
Below asking
The Urbana housing market is currently classified as a balanced market with a median sale price of $225,000. Prices have risen 27.7% compared to last year, with homes spending an average of 79 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Urbana?
The median home sale price in Urbana is $225,000, up 27.7% from last year.
How long do homes stay on market in Urbana?
Homes typically spend 79 days on market before going under contract.
Is Urbana a buyer's or seller's market?
With 2.5 months of supply, Urbana is currently a balanced market.
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