Is Urbana, IL 61801 a buyer’s or seller’s market?

The Urbana housing market right now

In the three months ending August 31, 2026, 38% of homes in Urbana, IL 61801 sold above their list price, the typical home went under contract in 47 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (37% then), homes sold more slowly (42 days then) and the median sale price rose 11% to $239,896. Overall, Urbana is about as competitive as it was a year ago.

Within Champaign County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell more often over asking than in 79%. On our competition score, Urbana ranks #265 of 464 IL ZIP codes with enough sales (score 64 out of 100).

Nearby, buyers who want less competition could look at Thomasboro 61878 (0% sold over asking) or Philo 61864 (0% sold over asking), while Dewey 61840 (100% sold over asking) and Fisher 61843 (67% sold over asking) are even more competitive.