Is Aurora, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$293,264
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Aurora was $293,264 in February 2024, up 5.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.1K | $114K | -0.1% |
2 Bedrooms | $216.6K | $234.9K | +8.4% |
3 Bedrooms | $273.7K | $302.8K | +10.7% |
4 Bedrooms | $410K | $410.4K | 0.1% |
5+ Bedrooms | $408K | $395.5K | -3.1% |
Summary: Aurora housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $359.7K | $481.2K | +33.8% |
Aurora Township | $235.7K | $288.4K | +22.3% |
North Aurora | $300K | $341K | +13.7% |
Aurora | $278.5K | $293.2K | +5.3% |
Housing Supply in Aurora, IL
How many homes are available in Aurora, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
285 | 320 | +12.3% |
Summary: The Aurora real estate market had 320 homes for sale in February 2024, a 12.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 60 | 64 | +6.7% |
3 Bedrooms | 151 | 162 | +7.3% |
4 Bedrooms | 56 | 75 | +33.9% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Aurora housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
92 | 75 | -18.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Aurora in February 2024, down by 18.5% month-over-month. Of the 75 sold homes, 43% were sold under asking, 16% were sold at asking, and 41% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 26 Days | -18.1% |
Summary: Homes in Aurora had an average of 26 days on market in Feb 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 75 homes were sold in Aurora; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.