$2,611 Closing Credit*
$219,900
1,695 SqFt
2 Beds
•1 Full Bath
Ricki Friends, 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 Last Month
Last month, Urbana was a Seller's Market.
Key Takeaway
Urbana is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Urbana, NY
How much do homes in Urbana, NY cost?
Median Sold Price
$225,000
$95/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$280,000(-55.4%)
Key Takeaway
Homes in Urbana have sold for 55.4% less than they did a month ago.
Summary: The median home sold price in Urbana was $225,000 in November 2024, down 55.4% from last month, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | - | N/A |
| 3 Bedrooms | $237.5K | $487.5K | +105.3% |
| 4 Bedrooms | $1.1M | - | N/A |
| 5+ Bedrooms | - | $200K | N/A |
Summary: Urbana housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 105.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wayne | $423K | $1.6M | +278.3% |
| Hammondsport | $423K | $487.5K | +15.2% |
| Urbana | $505K | $225K | -55.4% |
Housing Supply in Urbana, NY
How many homes are available in Urbana, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The Urbana real estate market had 18 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Urbana housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were 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 3 homes were sold or pending in Urbana in November 2024, down by 25.0% month-over-month. Of the 3 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 155 Days | +1168.0% |
Summary: Homes in Urbana had an average of 155 days on market in Nov 2024, up by 1168% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Urbana are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Urbana; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.