Is Aurora, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aurora is a seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Aurora, IL cost?

Median Sold Price

$270,162

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$29,941(+12.5%)

Key Takeaway

Homes in Aurora have sold for 12.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $87.5K$112K
+28.0%
2 $190K$215.6K
+13.5%
3 $244.9K$269.3K
+10.0%
4 $358.1K$405.2K
+13.1%
5+ $335K$397K
+18.5%

Median Sold Price Compared To Nearby Cities

Aurora
+12.5%
Aurora Township
+10.7%
Naperville Township
+10.2%
North Aurora
+2.9%

How many homes are available in Aurora, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
403361-10.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 67
+16.7%
2 8874
-15.9%
3 176158
-10.2%
4 10898
-9.3%
5+ 2524
-4.0%

Number of Homes Sold

Nov 2022Dec 2022%
128117-8.6%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aurora, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
23 Days26 Days+16.4%

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Aurora are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Aurora, IL

Aurora, IL has 361 homes on the market. The number of homes for sale in Aurora, IL decreased by 10.4% between November 2022 and December 2022. Listings spent 26 days on the market in December 2022, and had a median list price of $270,162 during the same period. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 28%, prices of 2 bedrooms properties went up by 13.5%, the cost of 3 bedrooms properties went up by 10%, prices of 4 bedrooms properties went up by 13.1%, 5 bedrooms properties prices increased by 18.5%. Volume of homes for sale changed: volume of 1 bedroom homes went up by 16.7%, volume of 2 bedrooms homes went down by 15.9%, volume of 3 bedrooms homes went down by 10.2%, number of 4 bedrooms homes decreased by 9.3%, volume of 5 bedrooms homes went down by 4%. In December 2022 more than 34 listings in Aurora, IL were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 60 were sold below.

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