Champaign, IL - Local Housing Data - Summary

Change location:

Region

State

City

Champaign, Urbana, IL

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Champaign, IL Local News

Recent Figures Indicate New Home Closings in Champaign Fall

Posted on: Jul 06, 2014 07:05:59 AM

Closings of new homes dropped year-over-year in April in the Champaign, IL market, falling after a rise in March 2014. New home closings moved from 13 a year earlier to 11 after the figure moved from 8 in March 2013 to 9 in March 2014.

A total of 181 new homes were sold during the 12 months that ended in April, down from 183 for the year that ended in March.

New home closings were 11 out of the 241 total closings, a move on a percentage basis from 13 of 323 a year earlier. Following a year-over-year rise in March, closings of new and existing homes sank year-over-year in April.

Pricing and Mortgage Trends

The average new home price was $284,782, a move from $282,000 a year earlier. This followed a 23.8% fall in March from a year earlier.

The average mortgage size moved to $220,767, down from last year's $237,542. Average mortgage size on new homes went from $334,575 in March 2013 to $228,591 in March 2014.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.