Urbana, IL Real Estate Market Summary – September 7, 2026
In Urbana, IL, a total of 36 homes have recently transitioned within the market, averaging a sale every 1.20 days. The average home encompasses approximately 1,684 square feet, with a typical built year around 1981, and homes were on the market for an average of 16 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 36 |
| Sold Per Day | 1.20 |
| Average SQFT | 1684 |
| Median Sales Price | $274,500 |
| Average Sales Price | $273,951 |
| Average Price Per SQFT | $158 |
| Average Days on Market | 16 |
| Average Year Built | 1981 |
Urbana, IL Single Family Home Analysis
For single-family homes in Urbana, 32 properties have exchanged hands recently, with an average living area of 1,764 square feet. The average sale price for these homes stands at $287,570, and they typically spent about 16 days on the market before transitioning.
| Metric | 30 Days |
|---|---|
| Number Sold | 32 |
| Sold Per Day | 1.07 |
| Average SQFT | 1764 |
| Median Sales Price | $286,750 |
| Average Sales Price | $287,570 |
| Average Price Per SQFT | $158 |
| Average Days on Market | 16 |
| Average Year Built | 1981 |
Urbana, IL Condo & Townhome Analysis
The condo and townhome market saw 3 homes sold, averaging 830 square feet in living area. These properties achieved an average sale price of $128,333, generally remaining on the market for about 17 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | 830 |
| Median Sales Price | $125,000 |
| Average Sales Price | $128,333 |
| Average Price Per SQFT | $154 |
| Average Days on Market | 17 |
| Average Year Built | 1978 |
Buyer & Seller Analysis
- 36 homes were sold recently in Urbana, averaging 1.2 transactions per day.
- Single-family homes accounted for the majority with 32 homes sold and an average price of $287,570.
- Condo and townhome sales were limited to 3 homes at an average price of $128,333.
- The average days on the market for all types is around 16 days, indicating a moderate pace.
- Local property regulations prevent disclosure of the actual sale prices.
Conclusion
Overall, Urbana showcases a diverse market with varied property types. The single-family homes dominate in numbers and prices compared to condos and townhomes.