Is Urbana Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Urbana Township has remained a Seller's Market.
Housing Prices in Urbana Township, IL
How much do homes in Urbana Township, IL cost?
Median Sold Price
$195,045
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Urbana Township was $195,045 in March 2024, up 30.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77K | $82K | +6.5% |
2 Bedrooms | $96.5K | $128K | +32.6% |
3 Bedrooms | $172.4K | $219.4K | +27.3% |
4 Bedrooms | $162K | $248.4K | +53.4% |
5+ Bedrooms | $215.2K | $247.5K | +15.0% |
Summary: Urbana Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 53.4%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Urbana Township | $149K | $195K | +30.9% |
Cunningham Township | $165K | $199.2K | +20.8% |
Urbana | $165K | $195K | +18.2% |
Champaign | $184.2K | $205.1K | +11.3% |
Housing Supply in Urbana Township, IL
How many homes are available in Urbana Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 140 | +18.6% |
Summary: The Urbana Township real estate market had 140 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 59 | 73 | +23.7% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Urbana Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Urbana Township in March 2024, up by 17.9% month-over-month. Of the 33 sold homes, 42% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for Urbana Township, IL
How long does it take to sell a home in Urbana Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 37 Days | -27.7% |
Summary: Homes in Urbana Township had an average of 37 days on market in Mar 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Urbana Township; 61% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.