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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aurora Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Aurora Township has remained a Seller's Market.

Key Takeaway

Aurora Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Aurora Township, IL

How much do homes in Aurora Township, IL cost?

Median Sold Price

$294,597

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$49,838(+20.4%)

Key Takeaway

Homes in Aurora Township have sold for 20.4% more than they did a year ago.

Summary: The median home sold price in Aurora Township was $294,597 in April 2024, up 20.4% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $114.1K$115K
+0.7%
2 $206K$241.3K
+17.1%
3 $245.5K$300.2K
+22.3%
4 $312.6K$403K
+28.9%
5+ $290K$370K
+27.6%

Summary: Aurora Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 27.6%.

Median Sold Price Compared To Nearby Cities

Aurora Township
+20.4%
North Aurora
+18.7%
Aurora
+7.1%
Oswego Township
+3.0%
Montgomery
-3.2%

Housing Supply in Aurora Township, IL

How many homes are available in Aurora Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
362402+11.0%

Summary: The Aurora Township real estate market had 402 homes for sale in April 2024, a 11.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 69
+50.0%
2 89100
+12.4%
3 169186
+10.1%
4 8492
+9.5%
5+ 1415
+7.1%

Summary: The Aurora Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
119123+3.4%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

77 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aurora Township, you could pay more than the asking price. 62.6% of homes here sold above asking price last month.

Summary: A total of 123 homes were sold or pending in Aurora Township in April 2024, up by 3.4% month-over-month. Of the 123 sold homes, 27% were sold under asking, 11% were sold at asking, and 63% were sold over asking.

Days on Market for Aurora Township, IL

How long does it take to sell a home in Aurora Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days17 Days-16.4%

Summary: Homes in Aurora Township had an average of 17 days on market in Apr 2024, down by 16.4% compared to last year.

Breakdown of Home Sale Times

106 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 123 homes were sold in Aurora Township; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% 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 7 Days Ago

Newest Listings in Aurora Township, IL

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What housing markets are near Aurora Township, IL?