The Champaign County housing market kicked off 2025 with a complex landscape, characterized by rising prices and tight inventory despite a slight dip in sales. According to a recent report from the Champaign County Association of REALTORS® (CCAR), the area experienced both challenges and opportunities for buyers and sellers alike.

Key Market Indicators

• Home Sales: Total units sold in January reached 131, representing a modest 2% decrease from the previous year.
• Median Home Price: The median sale price surged to $196,000, marking a significant 21.7% increase from January 2024’s $161,000.
• Average Home Price: At $228,865, the average sale price saw a 10% year-over-year increase.
• Inventory Levels: Available housing stock decreased by nearly 25% compared to January 2024, with only 455 units on the market versus 605 units the previous year.

The market is showing signs of potential growth, with mortgage rates stabilizing in early 2025. As of February 13, the 30-year fixed-rate mortgage had dipped to 6.87%, the lowest point of the year so far.