Photo: Daniel Schwen · CC BY-SA 4.0415 homes sold in Urbana in the last year, at a typical $235K
About one sale in 6 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Urbana homes are listed.
Every place Urbana homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Urbana.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
13% of Urbana’s sales are condos, at $85K less than a house
346 houses and 56 condos sold in the year to May 2026. Condos sell faster and draw more bidding wars.
typical sale · 346 sold in the year to May 2026
- Per square foot
- $159IL $180
- Days to sell
- 54
- Sold over asking
- 30%
- Listings with a price cut
- 18%
typical sale · 56 sold in the year to May 2026
- Per square foot
- $140IL $251
- Days to sell
- 31
- Sold over asking
- 36%
- Listings with a price cut
- 26%
Multi-family (2–4 units): 12 sold, typical $233K
Townhouses: 22 sold, typical $267K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
415 sales in the last year, against 596 in 2021 and a low of 325 in 2012. The typical sale went from $128K in 2016 to $235K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Urbana
Check a listing against what Urbana homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Urbana are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Urbana’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 415 sales.
If you’re buying in Urbana
- Shop in March. It brings about 57 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- Bid near asking. Buyers paid 99% of the list price on average; 29% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 67 a month), but June is the most competitive: 32% of June sales close over asking. March offers nearly as much choice with fewer homes bid up (20%). January has the least competition (13%) but only about 34 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Illinois
| Urbana now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 13% | 34% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 46% | 24% | 50% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 99% | 96.5% | 99.3% | 99% |
| Days to sellMedian days from listing to contract | 51 | 80 | 21 | 51 |
96 homes for sale on a typical day
That’s 1.2 times the 2021 low (79), 48% fewer than in 2017–19 and well under 2012’s 225.
Since 2019, houses are up 84%, condos 40%
A house typically sold for $247K in the year to May 2026 (346 sales), a condo for $161K (56).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Urbana ranks 242nd of 327 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Urbana is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Urbana home costs about $1,702 a month
Price: Urbana’s typical sale, last 12 months. Property tax at Urbana’s 2.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Urbana is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 23.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $235K home, about $5,700 a year.
Taxes vs. neighborsSchools
The schools grade for Urbana, from test results, graduation and how much students grow.
Schools in UrbanaCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Rantoul sells for less a square foot
The busier markets within 25 miles of Urbana, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Champaign | 935 | $239K | $156 | 28% | 47 |
| Urbana | 415 | $235K | $159 | 29% | 51 |
| Mahomet | 143 | $396K | $195 | 20% | 58 |
| Savoy | 90 | $416K | $187 | 21% | 60 |
| Rantoul | 85 | $144K | $110 | 27% | 47 |
| St. Joseph | 49 | $276K | $158 | 43% | 36 |
| Tolono | 37 | $245K | $157 | 30% | 43 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Urbana, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Urbana. People who follow the town see it, and so do people comparing Urbana with their own town. No commission, no listing fee.
Questions about buying a home in Urbana
What do homes sell for in Urbana, IL?
415 homes sold in the year to September 2026 at a typical $235K, $159 a square foot. Houses sold for about $247K, condos for about $161K in the year to May 2026.
Is Urbana a buyer’s or seller’s market?
A seller’s market: 111 homes were for sale in September 2026 and 39 sold, about 2.8 months of supply. Buyers paid 99% of asking on average.
When is the best time to buy in Urbana?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Urbana?
About 2.4% of a home’s value a year. On a $235K home that’s near $5,700.
Where can I see homes for sale in Urbana?
Zillow, Redfin, Realtor.com and Homes.com all carry Urbana’s MLS listings; the search links above open each one filtered to Urbana.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).