Is Urbana, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Urbana is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Urbana was a Buyer's Market.

Key Takeaway

Urbana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Urbana, MO

How much do homes in Urbana, MO cost?

Median Sold Price

$138,000

-

Based on all homes sold in June 2024.

Difference Since Last Month

-$212,000(-60.6%)

Key Takeaway

Homes in Urbana have sold for 60.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 -$105K
N/A
3 -$164K
N/A
4 $350K-
N/A
5+ --
N/A

Summary: Urbana housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Urbana, MO

How many homes are available in Urbana, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
138-38.5%

Summary: The Urbana real estate market had 8 homes for sale in June 2024, a 38.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 64
-33.3%
4 10
-100.0%
5+ 00
0.0%

Summary: The Urbana housing inventory by bedroom type for June 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 decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Urbana, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Urbana in June 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Urbana, MO

How long does it take to sell a home in Urbana, MO?

Average Sale Time

May 2024Jun 2024CHANGE
24 Days83 Days+248.6%

Summary: Homes in Urbana had an average of 83 days on market in Jun 2024, up by 248.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Urbana are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 3 homes were sold in Urbana; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Urbana, MO

Nearby Markets to Urbana, MO