From April through June of 2017, there were 241 homes sold, with a median sale price of $115,000. There were 247 homes sold in Urbana in the second quarter of 2016, and the median sales price for the period was also $115,000.
The median sales tax in Urbana for 2017 was $3,258.13. In 2016, the median sales tax was $3,201.40. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.
The following table compares Urbana to other Champaign County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sidney | 10 | 17 | -41.2% | $136,250 | $147,000 | -7.3% |
| Ogden | 7 | 13 | -46.2% | $130,000 | $94,000 | 38.3% |
| Pesotum | 1 | 4 | -75% | $125,800 | $106,000 | 18.7% |
| Fisher | 20 | 17 | 17.6% | $125,500 | $130,000 | -3.5% |
| Broadlands | 2 | 2 | 0% | $123,750 | $134,000 | -7.6% |
| Urbana | 241 | 247 | -2.4% | $115,000 | $115,000 | 0% |
| Philo | 8 | 10 | -20% | $106,000 | $161,500 | -34.4% |
| Gifford | 15 | 4 | 275% | $103,000 | $84,000 | 22.6% |
| Royal | 1 | 2 | -50% | $89,000 | $174,500 | -49% |
| Homer | 14 | 11 | 27.3% | $85,000 | $99,500 | -14.6% |
| Thomasboro | 13 | 7 | 85.7% | $71,000 | $57,000 | 24.6% |
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