Is Aurora, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Aurora has remained a Seller's Market.
Housing Prices in Aurora, IL
How much do homes in Aurora, IL cost?
Median Sold Price
$299,997
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Aurora was $299,997 in April 2024, up 7.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $113K | -1.7% |
2 Bedrooms | $219.5K | $240.3K | +9.5% |
3 Bedrooms | $275.4K | $305.4K | +10.9% |
4 Bedrooms | $410K | $423.8K | +3.4% |
5+ Bedrooms | $408K | $387.5K | -5.0% |
Summary: Aurora housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $381.5K | $490.5K | +28.6% |
Aurora Township | $244.7K | $294.5K | +20.4% |
North Aurora | $303.1K | $359.9K | +18.7% |
Aurora | $280K | $299.9K | +7.1% |
Housing Supply in Aurora, IL
How many homes are available in Aurora, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
353 | 391 | +10.8% |
Summary: The Aurora real estate market had 391 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 84 | 95 | +13.1% |
3 Bedrooms | 164 | 175 | +6.7% |
4 Bedrooms | 85 | 96 | +12.9% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Aurora housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 122 | +8.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Aurora in April 2024, up by 8.0% month-over-month. Of the 122 sold homes, 25% were sold under asking, 11% were sold at asking, and 64% were sold over asking.
Days on Market for Aurora, IL
How long does it take to sell a home in Aurora, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 17 Days | -17.8% |
Summary: Homes in Aurora had an average of 17 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 122 homes were sold in Aurora; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.