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Monday, August 4, 2025

Urbana median home prices rose by 312.3% in the first quarter of 2021

Webp re 12

The median sale price of a home sold in the first quarter of 2021 in Urbana rose by $114,000 while total sales increased by 833.3%, according to BlockShopper.com.

From January through March of 2021, there were 28 homes sold, with a median sale price of $150,500 - a 312.3% increase over the $36,500 median sale price for the same period of the previous year. There were three homes sold in Urbana in the first quarter of 2020.

The median sales tax in Urbana for the most recent year with available data, 2019, was $3,285, approximately 2.2% of the median home sale price for the first quarter of 2021.

The following table compares Urbana to other Champaign County cities with similar median sale prices in the first quarter of 2021:

CityJan. - Mar. 2021 Home SalesJan. - Mar. 2020 Home Sales% change (Total Home Sales)Jan. - Mar. 2021 Median Sales PriceJan. - Mar. 2020 Median Sales Price% change (Median Sales Price)
Glover10-$192,000$0-
Lake of the Woods30-$189,900$0-
St. Joseph30-$164,000$0-
Ogden10-$162,000$0-
Champaign5431700%$155,000$247,000-37.2%
Urbana283833.3%$150,500$36,500312.3%
Pesotum20-$129,000$0-
Philo20-$122,750$0-
Penfield10-$107,925$0-
Thomasboro10-$93,900$0-
Rantoul80-$92,250$0-

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