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Foreclosure Homes in Urbana, IL

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Urbana, IL Foreclosures

Current Market Conditions in in Urbana, IL As of March 2026?
Over the past month, Urbana's real estate market has seen a slight uptick in home values, as inventory remains low and demand high. This trend may continue as new developments begin construction, further enhancing the attractiveness of Urbana as a rental and purchasing market. Seller confidence is high, and homes are selling more quickly than in previous months, signaling a robust activity in the local market.
How much do homes sell for in Urbana, IL?
The average home price is currently $252,514.
In Urbana, IL, how many homes are available?
There are currently 970 active home listings available in Urbana.
What’s the average rental cost in Urbana, IL?
The average rental price in Urbana is $1,387.
What is the most expensive home in Urbana?
The most expensive home sold in Urbana had a price of $22,040,945.
What is currently the cheapest priced home in Urbana, IL?
The cheapest home for sale in Urbana is priced at $10,210.

Living in Urbana, IL

Urbana, IL, is a lively city known for its strong ties to the University of Illinois. Residents enjoy a mix of cultural events, diverse dining options, and beautiful parks. With a community-oriented atmosphere, Urbana offers a great balance of urban convenience and suburban comfort.

Buyer vs Seller Market in Urbana, IL

The real estate market in Urbana is currently robust, with a steady demand for rental properties due to the university's influence. Home prices have seen an increase in recent months, making it a desirable location for both investors and families.

Trends indicate growth in new developments catering to university students and families seeking quality housing options in the area. This growth is supported by a steady influx of students and professionals.

Home Value Estimator For Urbana, IL

There are currently 12,331 real estate properties in Urbana, IL, with a median automated valuation model (AVM) price of $194,260.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Urbana, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Urbana, IL, is $252,514.00, with the most expensive house in Urbana, IL, topping out at $22,040,945.00 and the cheapest home in Urbana, IL, clocking in at $10,210.00. In other words, there’s something for every potential homebuyer or savvy investor in Urbana, IL!

Rent Prices In Urbana, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Urbana, IL, is on a rollercoaster ride. The average rent price in Urbana, IL, is $1,387.00. Indeed, when looking to rent in Urbana, IL, you can expect to pay as little as $590.00 or as much as $4,120.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Urbana, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Urbana, IL Foreclosures

Market Trend for Urbana, IL

Total Listings Available: 970

Market Values:

Home Prices from $10,210 to $22,040,945

Average Sales Price: $252,514

Rental Values:

Rental from $590 to $4,120

Average Rent Value: $1,387 / month

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