Real Estate Information Archive


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Champaign County Housing Market Ended Strong in 2017!

by Rose Price

Champaign County home sales in 2017 reflected the second best year in the past decade!

The region saw a 2.47% increase in average home sale price for 2017 at $174,420 compared to the previous year at $170,217. The median home sale price (i.e. the typical market price where half the homes sell for more and half for less) for single family homes and condominiums was also up 3.45% from $145,000 in 2016 to $150,000 in 2017.


Along with the higher sale prices, the year saw a decrease in the total number of home sales in Champaign County. The 2017 year-end total in home sales was 2,882, a 4.79% decrease from the 3,027 total sales in 2016. The communities of Urbana and Mahomet (including surrounding region) saw more homes sold in 2017 than they did in 2016, while Champaign and Savoy (including surrounding region) saw a decrease. Homes sold quicker in 2017 than they did in 2016, with an average of 74 days in 2017 as compared to 80 the previous year.


The end results for the 2017 housing market reflect positively for this new year. Overall positive gains are predicted for 2018. Median home prices are forecasted to grow throughout the year. This is great news for sellers. And, as sellers see the higher prices, they will be more confident to sell. This results in increased inventory for buyers, especially with the upcoming spring season.


Work with an Experienced Realtor that can help you find your dream home at the perfect price in 2018! If you are interested in Buying or Selling your Champaign County home this fall, give Champaign Rose a call today or visit my website at


Information from Champaign County Association of REALTORS®

Fall Housing Market Update for Champaign County!

by Rose Price

Fall is a great time to buy your dream home! Less competition from other home buyers, pleasant weather, and year end tax breaks are just some of the benefits of buying during the season. The strength of the housing market in Champaign County this September reflected strong buyer demand and confidence in our area's economy. The stats for the month show that home sales increased with this buyer demand and inventory of homes was able to keep up, reflecting a robust and healthy market.


Champaign County saw a 5.9% increase in the number of homes sold in September 2017 compared to September 2016, with 199 sold this year compared to 188. The communities of Champaign, Urbana, and Mahomet all saw more homes sold in September of this year, as compared to last year. While the month of September had a stronger showing throughout the county, the year-to-date number of homes sold is down 1.2% at 2,042 from the same period last year. Median home sale price for single family homes and condominiums is down 1.4% from $154,325 in September 2016 to $152,200 in September 2017. The average number of days on market for all home sales was at 62 days in September 2017, compared to 58 in September 2016.



Although these stats reflect benefits for buyers in particular, sellers should take advantage of the tight inventory of homes on the market and high buyer interest.


Now is the perfect time for Champaign County homebuyers, especially first time buyers, to take the plunge. Interest rates are below 4%, according to the Federal Home Loan Mortgage Corporation.


If you are interested in Buying or Selling your Champaign County home this fall, give Champaign Rose a call today or visit my website at



Information from Champaign County Association of REALTORS®


The housing market for Champaign County saw strong gains during the month of October. According to the Champaign County Association of REALTORS®, total number of home sales, median home sale prices, and number of pending sales all saw an increase during the month as compared to the same month last year.


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It is anticipated that these trends in the market will continue, with the 2016 year expected to close out with a strong fourth quarter in Champaign County. Average days on the market are decreasing, meaning that homes for sale are moving quickly. Sellers can take advantage of this market trend as buyers are looking to move into their new home before the end of the year. This strong home sales market reflects overall economic trends in the area, including an expanding economy, strong job market, low interest rates, and many first time homebuyers.


These October numbers for Champaign County reflect the improving market nationwide. The National Association of REALTORS expects 2016 to finish out with the highest number of existing home sales since 2006. They predict that 2017 will continue to reflect growth in the number of home sales.


If you are interested in Buying or Selling in the Champaign/Urbana area, give Rose Price a call today or visit my website at    

Displaying blog entries 1-3 of 3