Is Urbana, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Urbana has remained a Seller's Market.
Housing Prices in Urbana, OH
How much do homes in Urbana, OH cost?
Median Sold Price
$205,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Urbana was $205,000 in April 2024, up 15.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $132K | +32.0% |
2 Bedrooms | $126K | $161.5K | +28.2% |
3 Bedrooms | $189.9K | $206.5K | +8.7% |
4 Bedrooms | $184.4K | $289K | +56.7% |
5+ Bedrooms | $495K | $380K | -23.2% |
Summary: Urbana housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 56.7%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Cities
Salem Township | $150K | $175.3K | +16.9% |
Urbana | $177K | $205K | +15.8% |
Urbana Township | $189.9K | $205K | +8.0% |
Housing Supply in Urbana, OH
How many homes are available in Urbana, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 44 | +2.3% |
Summary: The Urbana real estate market had 44 homes for sale in April 2024, a 2.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Urbana housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Urbana in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for Urbana, OH
How long does it take to sell a home in Urbana, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 74 Days | +48.4% |
Summary: Homes in Urbana had an average of 74 days on market in Apr 2024, up by 48.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Urbana; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.