Is Urbana, OH 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 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 March 2023
Summary: The median home sold price in Urbana was $205,000 in March 2024, up 18.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $132K | +32.0% |
2 Bedrooms | $126K | $163K | +29.4% |
3 Bedrooms | $188.4K | $205K | +8.8% |
4 Bedrooms | $177.2K | $290K | +63.6% |
5+ Bedrooms | $100K | $437.5K | +337.5% |
Summary: Urbana housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes increased by 337.5%.
Median Sold Price Compared To Nearby Cities
Salem Township | $149K | $179.9K | +20.8% |
Urbana | $172.5K | $205K | +18.8% |
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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 44 | -8.3% |
Summary: The Urbana real estate market had 44 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Urbana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Urbana in March 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 28 Days | -57.3% |
Summary: Homes in Urbana had an average of 28 days on market in Mar 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Urbana; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.