$1,364 Closing Credit*
$114,900
1,752 SqFt
3 Beds
•2 Full Baths
#224043271, V. Patrick Hamilton, Listing Office: REMAX Alliance Realty
Is Urbana, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Urbana has remained a Seller's Market.
Key Takeaway
Urbana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Urbana, OH
How much do homes in Urbana, OH cost?
Median Sold Price
$202,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,850(+1.9%)
Key Takeaway
Homes in Urbana have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Urbana was $202,500 in November 2024, up 1.9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.5K | $128K | +2.8% |
| 2 Bedrooms | $160K | $167K | +4.4% |
| 3 Bedrooms | $214K | $206K | -3.7% |
| 4 Bedrooms | $322.5K | $287K | -11.0% |
| 5+ Bedrooms | $327.5K | $446K | +36.2% |
Summary: Urbana housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Cities
| Urbana | $198.6K | $202.5K | +1.9% |
| Urbana Township | $200.9K | $202.5K | +0.8% |
| Salem Township | $173K | $172.2K | -0.4% |
Housing Supply in Urbana, OH
How many homes are available in Urbana, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Summary: The Urbana real estate market had 26 homes for sale in November 2024, a 13.3% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 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 decreased by 33.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Urbana, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Urbana in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Urbana, OH
We’re sorry, we don't have information for this market at the moment
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This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved