Urbana, IL, Real Estate

Urbana, Illinois, is a vibrant city in Champaign County, known for its close ties to the University of Illinois at Urbana-Champaign, a major research institution that shapes the city's culture and economy. With a population of around 38,000, Urbana blends small-town charm with intellectual energy, offering a diverse community, historic neighborhoods, and a thriving arts scene. The city hosts the annual Urbana Sweetcorn Festival, celebrating local agriculture, and is home to the iconic Market at the Square, a bustling farmers' market. Urbana’s rich history, green spaces like Meadowbrook Park, and proximity to Champaign make it a dynamic hub for education, innovation, and community life in the heart of the Midwest.

Urbana currently has 99 single family homes for sale with an average list price of $317,104.03, 12 condos for sale with an average list price of $155,350, and 38 lots for sale with an average list price of $302,369.45. The average annual property tax for Urbana is $4,445.65.

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Urbana, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Amvets Homestead

Amvets Homestead is a single-family home community in Urbana, Illinois, built between 1954 and 2004. It currently has 1 single family home for sale with a list price of $210,000. The homes range in size from 900 ft2 to 1,872 ft2. The average annual property tax for Amvets Homestead is $3,272.69. ... Read more
Median Price: $182,500
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Beringer Commons

Beringer Commons is a single-family home community in Urbana, Illinois, built between 1994 and 2026. It currently has 6 single family homes for sale with an average list price of $419,450 and 19 lots for sale with an average list price of $84,578.95. The homes range in size from 1,303 ft2 to 4,832 ft2. The HOA fees range from $12 to $21 per month. The average annual property tax for Beringer Commons is $5,204.38. ... Read more
Median Price: $388,046
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Country Squire

Country Squire is a single-family home community in Urbana, Illinois. It currently has no homes for sale. The homes range in size from 960 ft2 to 1,199 ft2. The average annual property tax for Country Squire is $2,613.44. ... Read more
Median Price: $165,000
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Country Squire Estates

Country Squire Estates is a single-family home community in Urbana, Illinois, built between 1962 and 2010. It currently has 2 single family homes for sale with an average list price of $152,525. The homes range in size from 775 ft2 to 1,665 ft2. The average annual property tax for Country Squire Estates is $2,520.69. ... Read more
Median Price: $149,250
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Deerfield Trails

Deerfield Trails is a single-family home, townhouse, and condo community in Urbana, Illinois, built between 1979 and 1986. It currently has no homes for sale. The homes range in size from 1,039 ft2 to 2,195 ft2. The HOA fees range from $30 to $30 per month. The average annual property tax for Deerfield Trails is $4,305.01. ... Read more
Median Price: $265,000
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Subdivisions

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Market Trends

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Nearby Golf Courses

Urbana Golf & Country Club

100 Country Club Road, Urbana, IL 61801
Par 72 • 72 holes • 6543 yards

Nearby Golf Courses

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Real Estate News

New Homes with Master Bedrooms on the 1st Floor in Urbana: February 21st to February 27th

New Homes with Master Bedrooms on the 1st Floor in Urbana: February 21st to February 27th - February 28, 2026

Urbana had 6 new homes for sale with a master bedroom on the first floor during the month of Saturday, February 21 to Friday, February 27, including 4 single ... continue reading
New Homes For Sale This Week in Urbana: February 20th to February 26th

New Homes For Sale This Week in Urbana: February 20th to February 26th - February 27, 2026

Urbana had 11 new homes for sale during the week of Friday, February 20 to Thursday, February 26, including including 7 single family homes for sale with an average list ... continue reading
New Construction Homes For Sale This Week in Urbana: February 18th to February 24th

New Construction Homes For Sale This Week in Urbana: February 18th to February 24th - February 25, 2026

Urbana had 3 new construction homes during the week of Wednesday, February 18 to Tuesday, February 24, including 3 single family homes for sale with an average list price of ... continue reading
New Golf Course Lots For Sale in Urbana: February 17th to February 23rd

New Golf Course Lots For Sale in Urbana: February 17th to February 23rd - February 24, 2026

Urbana had only 1 new home backing up to golf courses for sale during the week of Tuesday, February 17 to Monday, February 23, and it was a single family ... continue reading
Homes Just Sold in Urbana: February 17th to February 23rd

Homes Just Sold in Urbana: February 17th to February 23rd - February 24, 2026

Urbana had 4 sales during the week of Tuesday, February 17 to Monday, February 23, including including 3 single family homes for sale with an average list price of $333,266.67. $525,000 [Address ... continue reading
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