Urbana, IL Foreclosures
How much do homes sell for in Urbana, IL?
The average home price is currently $256,846.
In Urbana, IL, how many homes are available?
There are currently 402 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 $22,648,814.
What is currently the cheapest priced home in Urbana, IL?
The cheapest home for sale in Urbana is priced at $10,571.
Living in Urbana, IL
Urbana, IL, is a thriving city rich in culture, education, and community spirit. With a strong emphasis on arts and recreation, residents enjoy diverse activities and amenities. Proximity to the University of Illinois enhances the vibrant atmosphere, ideal for families, students, and professionals.
Current Market Conditions in Urbana, IL
The real estate market in Urbana, IL, is currently showing a stable growth trend, with demand for housing steadily increasing due to its proximity to the University of Illinois. This demand is primarily driven by students, faculty, and families seeking quality living spaces within a sociable and community-oriented environment.
Average home prices have seen a rise in recent months, indicating a healthy market where properties are being sold relatively quickly. The appeal of the area's amenities, schools, and lifestyle options has led to a competitive market situation.
Home Value Estimator For Urbana, IL
There are currently 12,129 real estate properties
in Urbana, IL,
with a median automated valuation model (AVM) price
of $198,593.00. 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 $256,846.00, with the most expensive house
in Urbana, IL, topping out
at $22,648,814.00 and the cheapest home
in Urbana, IL,
clocking in at $10,571.00. 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.
Learn more on Foreclosure homes
