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Wednesday, April 17, 2024

Urbana home prices rise in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Urbana rose by $31,650 while total sales decreased by 95.5%, according to BlockShopper.com.

From April through June of 2019, there were seven homes sold, with a median sale price of $179,900 - a 21.3% increase over the $148,250 median sale price for the same period of the previous year. There were 156 homes sold in Urbana in the second quarter of 2018.

The median sales tax in Urbana for the most recent year with available data, 2017, was $3,258, approximately 1.8% of the median home sale price for the second quarter of 2019.

The following table compares Urbana to other Champaign County cities in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Savoy138-97.4%$345,000$237,75045.1%
Lake of the Woods17-85.7%$203,000$190,0006.8%
Mahomet547-89.4%$195,000$255,500-23.7%
Urbana7156-95.5%$179,900$148,25021.3%
Champaign10366-97.3%$130,500$149,900-12.9%
Philo13-66.7%$130,000$165,000-21.2%
Sidney14-75%$110,000$186,450-41%
Thomasboro04-100%$0$105,500-100%
Royal03-100%$0$92,500-100%
Dewey02-100%$0$153,950-100%
Broadlands02-100%$0$15,000-100%
Rantoul034-100%$0$67,950-100%
Foosland01-100%$0$60,000-100%
Gifford07-100%$0$113,000-100%
Ogden04-100%$0$127,000-100%
St. Joseph027-100%$0$164,000-100%
Sadorus01-100%$0$68,000-100%
Pesotum04-100%$0$114,500-100%
Ludlow01-100%$0$50,000-100%
Ivesdale01-100%$0$89,000-100%
Penfield02-100%$0$76,250-100%
Bondville01-100%$0$65,000-100%
Fisher010-100%$0$132,500-100%
Tolono018-100%$0$212,500-100%
Glover01-100%$0$259,900-100%
Seymour00-$0$0-
Homer09-100%$0$131,500-100%

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