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 2020

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

$240,694

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$25,469(+11.8%)

Key Takeaway

Homes in Aurora have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $72.5K$87.5K
+20.7%
2 $170K$190K
+11.8%
3 $216.3K$244.9K
+13.3%
4 $312.2K$357.2K
+14.4%
5+ $307K$335K
+9.1%

Median Sold Price Compared To Nearby Cities

North Aurora
+13.9%
Aurora Township
+12.3%
Aurora
+11.8%
Naperville Township
+10.4%

How many homes are available in Aurora, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
673563-16.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 97
-22.2%
2 192167
-13.0%
3 281221
-21.4%
4 157132
-15.9%
5+ 3436
+5.9%

Number of Homes Sold

Nov 2021Dec 2021%
242208-14.0%

Asking Price vs. Sold Price

76 Homes Were Sold
Under Asking

43 Homes Were Sold
At Asking

89 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. 42.8% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
26 Days22 Days-15.3%

Breakdown of Home Sale Times

155 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

5 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.

About Aurora, IL

Aurora, IL has 563 homes for sale to choose from. The number of homes for sale in Aurora, IL decreased by 16.3% between November 2021 and December 2021. Listings spent 22 days on the market in December 2021, and had a median list price of $240,694 during the same period. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 20.7%, the cost of 2 bedrooms properties went up by 11.8%, 3 bedrooms properties prices increased by 13.3%, prices of 4 bedrooms properties increased by 14.4%, prices of 5 bedrooms properties increased by 9.1%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 22.2%, number of 2 bedrooms homes decreased by 13%, the quantity of 3 bedrooms homes went down by 21.4%, 4 bedrooms homes inventory decreased by 15.9%, volume of 5 bedrooms homes went up by 5.9%. Aurora, IL housing market in December 2021 saw over 89 listings sold above listed price, more than 43 sold at listed price and over 76 sold below.

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