From January through December of 2017, there were 751 homes sold, with a median sale price of $116,000 - a 0.8% decrease over the $116,900 median sale price for the previous year. There were 722 homes sold in Urbana in 2016.
The median sales tax in Urbana for 2017 was $3,258. In 2016, the median sales tax was $3,201. 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 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tolono | 76 | 83 | -8.4% | $136,000 | $144,900 | -6.1% |
| Bondville | 10 | 6 | 66.7% | $132,500 | $110,000 | 20.5% |
| Philo | 31 | 31 | 0% | $128,500 | $150,000 | -14.3% |
| Sidney | 31 | 46 | -32.6% | $127,500 | $120,500 | 5.8% |
| Fisher | 62 | 49 | 26.5% | $117,750 | $130,000 | -9.4% |
| Urbana | 751 | 722 | 4% | $116,000 | $116,900 | -0.8% |
| Gifford | 36 | 25 | 44% | $108,000 | $115,000 | -6.1% |
| Sadorus | 13 | 10 | 30% | $97,000 | $59,750 | 62.3% |
| Royal | 3 | 10 | -70% | $89,000 | $116,000 | -23.3% |
| Homer | 41 | 34 | 20.6% | $88,000 | $107,887.50 | -18.4% |
| Ogden | 19 | 30 | -36.7% | $85,000 | $97,750 | -13% |
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