Urbana, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Urbana, IL is $225,000, up 27.7% year-over-year. Homes sell in an average of 79 days with 76 active listings. The market is currently a balanced market.
$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
Urbana, IL market data
| Metric | Value |
|---|---|
| Median sale price | $225,000 |
| Median list price | $274,500 |
| Year-over-year price change | +27.7% |
| Average days on market | 79 days |
| Active inventory | 76 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 96.8% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
Homes for sale in Urbana
There are currently 76 homes listed for sale in Urbana, Illinois. The median listing price is $275K.
Active listings
76
Homes on market
Median list price
$275K
Avg. days on market
79
Days until sale
New this week
35
Newly listed
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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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