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Featured local agent — Urbana, NY
Sarah Mitchell
Compass Real Estate · Urbana, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Urbana, NY Housing Market
The last median sale price Redfin published was $320,000, +10.3% year over year (through May 2026). With homes going under contract in about 8 days, Urbana is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $320,000 home is about $1,645/mo in principal and interest.
Key numbers for Urbana, NY
Median sale price
$320,000
+10.3% year over year
Redfin, through January 2026
Days on market
8
Fast-moving
Redfin, through January 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through January 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Urbana a buyer's or seller's market?
Urbana, NY is a balanced market and homes selling in about 8 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Urbana housing market data show?
Every row below is Redfin's final published month for Urbana, NY. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $320,000 |
| Year-over-year price change | +10.3% |
| Median price per sq ft | $159/sq ft |
| Median days on market | 8 days |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Urbana is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Urbana is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Urbana home prices moved?
Across the 23 months we hold for Urbana, NY, the median sale price rose 19.9%, from $267,000 in May 2021 to $320,000.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Urbana?
Priced off the median sale price of $320,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $64,000 | $256,000 | $1,645/mo |
| 5% | $16,000 | $304,000 | $1,954/mo |
Redfin, through January 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,645, that implies roughly $70,505 a year before you add taxes and insurance. We do not hold a Census income figure for Urbana, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Urbana in the next 12 months?
Tell us your timeline. We send the Urbana market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Urbana?
Zillow does not publish a rent index (ZORI) for Urbana, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Urbana?
Active listings in Urbana, NY went from 4 in August 2021 to 1 in April 2025, a -75.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| October 2021 | 2 | not published |
| November 2021 | 1 | not published |
| December 2021 | 1 | not published |
| April 2022 | 1 | not published |
| July 2022 | 1 | 1 |
| May 2023 | 2 | 2 |
| November 2023 | 1 | 1 |
| July 2024 | 1 | 1 |
| October 2024 | 2 | not published |
| November 2024 | 1 | 1 |
| January 2025 | 2 | not published |
| April 2025 | 1 | not published |
Redfin, through April 2025
How does Urbana compare to New York and the U.S.?
Urbana homes sell for $320,000 — 48% below the New York median of $620,500. Against the national median of $410,700, Urbana runs 22% lower. Year-over-year, Urbana moved +10.3% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Urbana, NY | $320,000 | +10.3% | 8 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Urbana
What buyers should watch
- The gap between 5% and 20% down here is $308 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $320,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Urbana listing goes under contract in 8 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Urbana varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Urbana
Explore homes currently listed for sale in Urbana, New York across major real estate platforms.
How much do homes cost in Urbana by property type?
How the Urbana, NY market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $330,000 | $161/sq ft | 1 | 121 days |
Which cities are near Urbana, NY?
Ordered by distance from Urbana, not by size. Compare Urbana side by side with any of them.
Urbana housing market FAQ
Is Urbana a buyer's or seller's market?
Urbana, NY is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Urbana?
The median sale price in the last month Redfin published was $320,000, about $159 per square foot.
Is Urbana cheaper than the rest of New York?
Urbana's median sale price of $320,000 is 48% lower than the New York statewide median of $620,500, and 22% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Urbana?
Homes in Urbana, NY spent a median of 8 days on market before going under contract, versus 42 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Urbana?
At the current 30-year fixed rate of 6.66%, 20% down on a $320,000 home is about $1,645 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $70,505 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Urbana?
Redfin's last published year-over-year change for Urbana, NY was +10.3%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Urbana?
Urbana ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Urbana?
That depends on your timeline, not on a headline. What the data says today: Urbana, NY is a balanced market, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $320,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.