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URBANA, IL 61802

Real Estate Market Report  ·  Champaign County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The URBANA, IL real estate market (61802) currently shows 75 active listings, with 41 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are selling faster, averaging 42 days on market compared to 57 days last year.

The median listing price has fallen 9% year-over-year, from $321,900 to $292,950.

Whether you are buying or selling in URBANA, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 19,722  ·  Density: 92.8/mi²  ·  Median household income: $54,251

Typical home value: $155,923  ·  Homeownership: 53.4%

Market Overview

Active Listings
75
⇧ 29.3% vs 58 last year
Pending
41
55% pending ratio
Median Price
$292,950
⇩ 9% vs $321,900 last year
Average Price
$362,614
⇩ 0.5% vs $364,319 last year
Days on Market
42
⇩ 26.3% vs 57 days last year

Price Per Square Foot

Median $/sqft
$189
⇧ 9.9% vs $172/sqft last year
Median Home Size
1,707 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 75 this year vs 58 last year
  • Days on market: 42 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $292,950 (-9% YoY)
  • Average: $362,614 (-0.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.1 miles — 264 listings ($82,499,161 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61802Urbana, IL 618020.0 mi68$22,748,380$284,200$334,535
61820Champaign, IL 618205.1 mi26$8,667,724$168,950$333,374
61821Champaign, IL 618216.8 mi76$20,516,960$202,950$269,960
61878Thomasboro, IL 618788.1 mi4$522,576$129,900$130,644
61877Sidney, IL 618779.6 mi4$857,268$210,850$214,317
61859Ogden, IL 6185910.1 mi2$742,600$454,900$371,300
61880Tolono, IL 6188011.5 mi5$1,571,625$316,200$314,325
61866Rantoul, IL 6186613.0 mi21$3,107,895$139,925$147,995
61875Seymour, IL 6187514.5 mi3$1,845,000$615,000$615,000
61853Mahomet, IL 6185315.7 mi43$18,065,590$419,950$420,130
61812Armstrong, IL 6181216.6 mi1$150,875$150,875$150,875
61872Sadorus, IL 6187217.8 mi3$1,365,900$455,300$455,300
61843Fisher, IL 6184318.1 mi8$2,336,768$319,950$292,096

Frequently Asked Questions

How many homes are for sale in URBANA, IL 61802?

As of March 2026, there are 75 active listings in URBANA, IL (zip code 61802), compared to 58 the prior year.

What is the median home price in URBANA, IL 61802?

The median listing price in URBANA, IL 61802 is $292,950 as of March 2026, a 9% decrease from $321,900 the prior year.

How long do homes stay on the market in URBANA, IL?

Homes in URBANA, IL 61802 spend an average of 42 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in URBANA, IL 61802?

Based on current inventory and days-on-market data as of March 2026, URBANA, IL 61802 is currently a Balanced Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are selling faster, averaging 42 days on market compared to 57 days last year.

How much can I save on real estate commission in URBANA, IL?

With SELL123.com's maximum 3% commission, sellers in URBANA, IL 61802 save an estimated $5,859 compared to a typical 5% commission on the median listing price of $292,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.