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 November 2022

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, 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

+$17,058(+6.3%)

Key Takeaway

Homes in Aurora have sold for 6.3% more than they did a year ago.

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

# BEDSNov 2022Nov 2023CHANGE
1 $112K$113.3K
+1.2%
2 $215.3K$227.8K
+5.8%
3 $266.3K$290.8K
+9.2%
4 $405K$407.3K
+0.6%
5+ $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
+34.2%
Aurora Township
+21.0%
North Aurora
+7.4%
Aurora
+6.3%

Housing Supply in Aurora, IL

How many homes are available in Aurora, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
405389-4.0%

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

# BEDSOct 2023Nov 2023CHANGE
1 32
-33.3%
2 9484
-10.6%
3 198197
-0.5%
4 8685
-1.2%
5+ 2421
-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 2023Nov 2023CHANGE
145122-15.9%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

60 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aurora, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.

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 2022Nov 2023CHANGE
24 Days14 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 2 Days Ago

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