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Thursday, June 5, 2025

Champaign County home prices fall in April 2025 compared to April 2024

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The Office Of Champaign County Recorder Of Deeds Aaron Ammons (2023) | The Office Of Champaign County Recorder Of Deeds

The Office Of Champaign County Recorder Of Deeds Aaron Ammons (2023) | The Office Of Champaign County Recorder Of Deeds

In April, the median sale price of a home in Champaign County fell by $5,000 from the same period in the previous year, while total sales decreased by 8.9%, according to BlockShopper.com.

There were 163 homes sold in April, with a median sale price of $203,000 — a 2.4% decrease from the $208,000 median sale price during the same period of the previous year. In comparison, 179 homes were sold in Champaign County in April 2024.

Based on the latest available data from 2023, the median sales tax in Champaign County was $3,981, which stands at 2% of April's median home sale price.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Champaign County from April 2024 to April 2025.

April 2024May 2024June 2024July 2024August 2024September 2024October 2024November 2024December 2024January 2025February 2025March 2025April 2025$208,000$208,000$187,500$187,500$227,500$227,500$202,000$202,000$195,000$195,000$197,000$197,000$197,000$197,000$187,250$187,250$202,500$202,500$183,000$183,000$211,000$211,000$200,000$200,000$203,000$203,000

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