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Q1 real estate sales report: Urbana
From January to March, 97 homes sold in Urbana for a median price of $129,000. That's 12.4 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Urbana.
Median property tax for homeowners in Urbana was $3,276.34 in 2017 according to tax data from that year. That means homeowners pay 2.9 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Urbana real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
64
$132,795
-
2010
95
$143,754
8.3%
2011
87
$129,950
-9.6%
2012
94
$104,749
-19.4%
2013
108
$97,200
-7.2%
2014
124
$113,155
16.4%
2015
97
$135,680
19.9%
2016
131
$131,250
-3.3%
2017
129
$114,750
-12.6%
2018
97
$129,000
12.4%
Median property tax
Median sale price
Effective property tax rate
2009
$3,479.96
$132,795
2.6%
2010
$3,717.56
$143,754
2.6%
2011
$3,546.79
$129,950
2.7%
2012
$2,733.79
$104,749
2.6%
2013
$2,780.06
$97,200
2.9%
2014
$3,474.38
$113,155
3.1%
2015
$3,977.96
$135,680
2.9%
2016
$3,762.10
$131,250
2.9%
2017
$3,276.34
$114,750
2.9%
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