Is Aurora, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Aurora was a Seller's Market.
Key Takeaway
Aurora is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Aurora, NY
How much do homes in Aurora, NY cost?
Median Sold Price
$406,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Aurora have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Aurora was $406,000 in May 2024, up 4.2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $235K | $261.2K | +11.2% |
| 3 Bedrooms | $349K | $416.5K | +19.3% |
| 4 Bedrooms | $450K | $430K | -4.4% |
| 5+ Bedrooms | $690K | $495.5K | -28.2% |
Summary: Aurora housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Aurora | $389.7K | $406K | +4.2% |
| East Aurora | $390K | $400K | +2.6% |
| Elma | $372.5K | $375K | +0.7% |
Housing Supply in Aurora, NY
How many homes are available in Aurora, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Aurora real estate market had 36 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Aurora housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Aurora, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Aurora in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Aurora, NY
How long does it take to sell a home in Aurora, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 15 Days | -49.7% |
Summary: Homes in Aurora had an average of 15 days on market in May 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Aurora are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Aurora; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
