Urbana Real Estate Market Update October 2018
Real Estate In Urbana is a balanced market favoring buyers. There is significant amount of homes for sale in Urbana, and buyers are not in a rush to buy yet. There is a 6.78 months supply of inventory on the market in Urbana on October 31, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Urbana last month was 59 days.
It took on average 106 days to sell Urbana Condo, Townhouse or a Duplex.
The number of home sales in Urbana from September 1, 2018 through September 30, 2018 was 24 units. That is 1% above the number of homes sold last month in Urbana.
The average price per square foot in the area is now $73/Sq.Ft, which is 18% a decline from last month.
In Urbana there were 7 units sold in September in the price range between $53,000 – $90,672 with an average of 2.6 bedrooms and 1 bathrooms and average Square footage of 955SF.
In Urbana there were 15 units sold in September in the price range between $90,673 – $201,671 with an average of 3.7 bedrooms and 2.2 bathrooms and average Square footage of 1,742SF.
In Urbana there were 2 units sold in September in the price range between $201,672 – $275,000 with an average of 3.5 bedrooms and 2.1 bathrooms and average Square footage of 1,727SF.
The low price range had the most activity. Homes up to $90,672 were on the market on average 60 days and sold an average of $73,692.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Urbana. Search all Urbana homes for Sale on propertyup.com If you are considering viewing Urbana, you may want to do so now!
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source http://realestatevibe.com/urbana-real-estate-market-update-October-2018/
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