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URBANA, IL 61802

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The URBANA, IL real estate market (61802) currently shows 68 active listings, with 32 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 54 days on market compared to 76 days last year.

The median listing price has fallen 8.3% year-over-year, from $309,950 to $284,200.

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
68
⇧ 17.2% vs 58 last year
Pending
32
47% pending ratio
Median Price
$284,200
⇩ 8.3% vs $309,950 last year
Average Price
$334,535
⇩ 4.2% vs $349,179 last year
Days on Market
54
⇩ 28.9% vs 76 days last year

Price Per Square Foot

Median $/sqft
$169
⇩ 0.6% vs $170/sqft last year
Median Home Size
1,710 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 58 last year
  • Days on market: 54 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $284,200 (-8.3% YoY)
  • Average: $334,535 (-4.2% 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 17.8 miles — 225 listings ($59,548,739 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61802Urbana, IL 618020.0 mi65$18,077,930$240,900$278,122
61820Champaign, IL 618205.1 mi26$8,441,212$220,000$324,662
61821Champaign, IL 618216.8 mi78$20,122,752$190,000$257,984
61878Thomasboro, IL 618788.1 mi4$612,720$147,000$153,180
61877Sidney, IL 618779.6 mi5$1,174,500$234,900$234,900
61859Ogden, IL 6185910.1 mi3$988,500$329,500$329,500
61880Tolono, IL 6188011.5 mi7$2,237,375$326,800$319,625
61866Rantoul, IL 6186613.0 mi25$3,628,475$137,200$145,139
61875Seymour, IL 6187514.5 mi3$1,845,000$615,000$615,000
61847Gifford, IL 6184714.8 mi1$173,400$173,400$173,400
61816Broadlands, IL 6181615.7 mi1$38,500$38,500$38,500
61812Armstrong, IL 6181216.6 mi2$339,000$169,500$169,500
61872Sadorus, IL 6187217.8 mi5$1,869,375$329,950$373,875

Frequently Asked Questions

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

As of February 2026, there are 68 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 $284,200 as of February 2026, a 8.3% decrease from $309,950 the prior year.

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

Homes in URBANA, IL 61802 spend an average of 54 days on the market before going under contract, compared to 76 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 February 2026, URBANA, IL 61802 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 54 days on market compared to 76 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 $5,684 compared to a typical 5% commission on the median listing price of $284,200. 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.