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Friday, April 19, 2024

Urbana home prices rise in June 2018

Realestate5

The median sale price of a home sold in June 2018 in Urbana rose by $32,900 while total sales remained unchanged with 89 homes sold, according to BlockShopper.com.

In June 2018, there were 89 homes sold, with a median sale price of $147,900 - a 28.6% increase over the $115,000 median sale price for the same period of the previous year. There were 89 homes sold in Urbana in June 2017, as well.

The median sales tax in Urbana for the most recent year with available data, 2017, was $3,258, approximately 2.2% of the median home sale price for June 2018.

The following table compares Urbana to other Champaign County cities with similar median sales prices in June 2018:

CityJune 2018 Home SalesJune 2017 Home Sales% change (Total Home Sales)June 2018 Median Sales PriceJune 2017 Median Sales Price% change (Median Sales Price)
Lake of the Woods26-66.7%$178,250$200,000-10.9%
Champaign184228-19.3%$167,700$149,00012.6%
Tolono612-50%$154,750$183,500-15.7%
St. Joseph1013-23.1%$152,950$153,000-0%
Philo13-66.7%$150,000$205,000-26.8%
Urbana89890%$147,900$115,00028.6%
Thomasboro14-75%$143,000$66,000116.7%
Dewey12-50%$143,000$286,000-50%
Homer660%$124,000$92,00034.8%
Penfield10-$119,500$0-
Pesotum31200%$119,000$125,800-5.4%

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