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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Urbana is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Urbana has remained a Buyer's Market.

Key Takeaway

Urbana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Urbana, MO

How much do homes in Urbana, MO cost?

Median Sold Price

$350,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

-$30,000(-7.9%)

Key Takeaway

Homes in Urbana have sold for 7.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$350K
N/A
5+ $380K-
N/A

Summary: Urbana housing prices by bedroom type for May 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

Apr 2024May 2024CHANGE
1012+20.0%

Summary: The Urbana real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 35
+66.7%
4 11
0.0%
5+ 10
-100.0%

Summary: The Urbana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Urbana, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Urbana in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Apr 2024May 2024CHANGE
3 Days24 Days+700.0%

Summary: Homes in Urbana had an average of 24 days on market in May 2024, up by 700% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 May 2024, 1 homes were sold in Urbana; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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