From October to December, 127 homes sold in Urbana for a median price of $118,500. That's 5.6 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Urbana.
Median property tax for homeowners in Urbana was $3,283.48 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 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Urbana real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
121
$152,100
-
2010
105
$106,020
-30.3%
2011
112
$125,430
18.3%
2012
159
$109,000
-13.1%
2013
143
$110,970
1.8%
2014
139
$124,020
11.8%
2015
171
$126,670
2.1%
2016
157
$138,600
9.4%
2017
153
$112,200
-19%
2018
127
$118,500
5.6%
Median property tax
Median sale price
Effective property tax rate
2009
$3,323.82
$152,100
2.2%
2010
$3,011.77
$106,020
2.8%
2011
$3,543.79
$125,430
2.8%
2012
$3,155.13
$109,000
2.9%
2013
$3,154.91
$110,970
2.8%
2014
$3,730.62
$124,020
3%
2015
$3,400.37
$126,670
2.7%
2016
$3,969.75
$138,600
2.9%
2017
$3,283.48
$112,200
2.9%
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