Is Aurora, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$286,822
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Aurora was $286,822 in November 2023, up 6.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $113.3K | +1.2% |
2 Bedrooms | $215.3K | $227.8K | +5.8% |
3 Bedrooms | $266.3K | $290.8K | +9.2% |
4 Bedrooms | $405K | $407.3K | +0.6% |
5+ Bedrooms | $365K | $395.5K | +8.4% |
Summary: Aurora housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $348.8K | $468.1K | +34.2% |
Aurora Township | $230.8K | $279.2K | +21.0% |
North Aurora | $307.2K | $329.9K | +7.4% |
Aurora | $269.7K | $286.8K | +6.3% |
Housing Supply in Aurora, IL
How many homes are available in Aurora, IL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
405 | 389 | -4.0% |
Summary: The Aurora real estate market had 389 homes for sale in November 2023, a 4.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 94 | 84 | -10.6% |
3 Bedrooms | 198 | 197 | -0.5% |
4 Bedrooms | 86 | 85 | -1.2% |
5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The Aurora housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
145 | 122 | -15.9% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Aurora in November 2023, down by 15.9% month-over-month. Of the 122 sold homes, 31% were sold under asking, 20% were sold at asking, and 49% 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
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
24 Days | 14 Days | -40.8% |
Summary: Homes in Aurora had an average of 14 days on market in Nov 2023, down by 40.8% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During November 2023, 122 homes were sold in Aurora; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.