Is Aurora, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Aurora has remained a Seller's Market.
Key Takeaway
Aurora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Aurora, OH
How much do homes in Aurora, OH cost?
Median Sold Price
$390,235
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Aurora have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Aurora was $390,235 in May 2024, up 6.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $277K | $287.4K | +3.8% |
| 3 Bedrooms | $330K | $355K | +7.6% |
| 4 Bedrooms | $471.7K | $499K | +5.8% |
| 5+ Bedrooms | $596.5K | $570.6K | -4.3% |
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 3.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Bainbridge Township | $420K | $469K | +11.7% |
| Streetsboro | $228.9K | $255.3K | +11.5% |
| Auburn Township | $431.5K | $476K | +10.3% |
| Aurora | $365K | $390.2K | +6.9% |
| Mantua Township | $255K | $257.5K | +1.0% |
Housing Supply in Aurora, OH
How many homes are available in Aurora, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 91 | +8.3% |
Summary: The Aurora real estate market had 91 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 31 | 36 | +16.1% |
| 5+ Bedrooms | 7 | 7 | 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Aurora, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Aurora in May 2024, the same as the previous month. Of the 26 sold homes, 42% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Aurora, OH
How long does it take to sell a home in Aurora, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 34 Days | -5.5% |
Summary: Homes in Aurora had an average of 34 days on market in May 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 26 homes were sold in Aurora; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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