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Monday, August 4, 2025

Urbana home prices fall in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Urbana fell by $91,950 while total sales decreased by 95.3%, according to BlockShopper.com.

From January through March of 2020, there were three homes sold, with a median sale price of $36,500 - a 71.6% decrease over the $128,450 median sale price for the same period of the previous year. There were 64 homes sold in Urbana in the first quarter of 2019.

The median sales tax in Urbana for the most recent year with available data, 2018, was $3,190, approximately 8.7% of the median home sale price for the first quarter of 2020.

The following table compares Urbana to other Champaign County cities in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Champaign3120-97.5%$247,000$138,00079%
Urbana364-95.3%$36,500$128,450-71.6%
Bondville00-$0$0-
Fisher02-100%$0$147,500-100%
Tolono06-100%$0$129,125-100%
Glover00-$0$0-
Seymour00-$0$0-
Homer01-100%$0$225,000-100%
Thomasboro00-$0$0-
Lake of the Woods03-100%$0$97,863-100%
Royal00-$0$0-
Dewey00-$0$0-
Broadlands00-$0$0-
Sidney00-$0$0-
Rantoul012-100%$0$59,075-100%
Savoy010-100%$0$230,750-100%
Foosland00-$0$0-
Gifford01-100%$0$162,500-100%
Ogden00-$0$0-
St. Joseph07-100%$0$168,900-100%
Sadorus00-$0$0-
Mahomet018-100%$0$303,750-100%
Pesotum01-100%$0$185,000-100%
Ludlow01-100%$0$10,000-100%
Ivesdale03-100%$0$85,000-100%
Penfield00-$0$0-
Philo05-100%$0$165,000-100%

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