$5,759 Closing Credit*
$485,000
3,700 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michael Hanna, Listing Office: Howard Hanna Lake Group
Is Urbana, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Urbana was a Seller's Market.
Key Takeaway
Urbana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Urbana, NY
How much do homes in Urbana, NY cost?
Median Sold Price
$375,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$90,700(+31.9%)
Key Takeaway
Homes in Urbana have sold for 31.9% more than they did a year ago.
Summary: The median home sold price in Urbana was $375,000 in December 2024, up 31.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | - | N/A |
| 2 Bedrooms | $207K | $242.5K | +17.2% |
| 3 Bedrooms | $317.5K | $355K | +11.8% |
| 4 Bedrooms | $280K | $488K | +74.3% |
| 5+ Bedrooms | $700K | $390K | -44.3% |
Summary: Urbana housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 74.3%, and 5+ bedroom homes decreased by 44.3%.
Median Sold Price Compared To Nearby Cities
| Hammondsport | $352K | $488K | +38.6% |
| Urbana | $284.3K | $375K | +31.9% |
| Wayne | $369K | $423K | +14.6% |
Housing Supply in Urbana, NY
How many homes are available in Urbana, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Urbana real estate market had 16 homes for sale in December 2024, a 5.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Urbana housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Urbana, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Urbana in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Urbana, NY
How long does it take to sell a home in Urbana, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 21 Days | 55 Days | +161.9% |
Summary: Homes in Urbana had an average of 55 days on market in Dec 2024, up by 161.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Urbana has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Urbana; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.