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Condo Foreclosures in Urbana, IL

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Urbana, IL Foreclosures

How much do homes sell for in Urbana, IL?
The average home price is currently $257,592.
In Urbana, IL, how many homes are available?
There are currently 5 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 $22,383,206.
What is currently the cheapest priced home in Urbana, IL?
The cheapest home for sale in Urbana is priced at $10,448.

Living in Urbana, IL

Urbana, Illinois, is a dynamic city that offers a blend of academic vibrancy and community spirit. Known for its renowned university, Urbana provides diverse cultural and recreational activities. With excellent schools, beautiful parks, and a charming downtown, this city is an attractive place to live and invest.

Current Market Conditions in Urbana, IL

The real estate market in Urbana has been experiencing steady growth, particularly concerning single-family homes and rental properties due to the stable demand driven by the university population. With more students and faculty members moving to the area, rental yields remain attractive for property owners.

Recently, there has been a noticeable shift towards eco-friendly and modern homes, reflecting broader trends towards sustainability. As the city promotes green living initiatives, homes with energy-efficient features are seeing increased interest and value.

Home Value Estimator For Urbana, IL

There are currently 12,325 real estate properties in Urbana, IL, with a median automated valuation model (AVM) price of $198,538.00. 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 $257,592.00, with the most expensive house in Urbana, IL, topping out at $22,383,206.00 and the cheapest home in Urbana, IL, clocking in at $10,448.00. 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 Condos

Market Trend for Urbana, IL

Total Listings Available: 5

Market Values:

Home Prices from $10,448 to $22,383,206

Average Sales Price: $257,592

Rental Values:

Rental from $590 to $4,120

Average Rent Value: $1,387 / month

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