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 March 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

$290,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$50,000(+20.8%)

Key Takeaway

Homes in Aurora Township have sold for 20.8% more than they did a year ago.

Summary: The median home sold price in Aurora Township was $290,000 in March 2024, up 20.8% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $113.3K$116.2K
+2.6%
2 $200K$237.1K
+18.6%
3 $242.1K$300K
+23.9%
4 $298.5K$400K
+34.0%
5+ $295K$355K
+20.3%

Summary: Aurora Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

Aurora Township
+20.8%
North Aurora
+16.9%
Aurora
+6.0%
Oswego Township
+5.5%
Montgomery
-5.0%

Housing Supply in Aurora Township, IL

How many homes are available in Aurora Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
326366+12.3%

Summary: The Aurora Township real estate market had 366 homes for sale in March 2024, a 12.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 77
0.0%
2 6889
+30.9%
3 165166
+0.6%
4 7490
+21.6%
5+ 1214
+16.7%

Summary: The Aurora Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
89113+27.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

65 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. 57.5% of homes here sold above asking price last month.

Summary: A total of 113 homes were sold or pending in Aurora Township in March 2024, up by 27.0% month-over-month. Of the 113 sold homes, 27% were sold under asking, 16% were sold at asking, and 58% 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

Mar 2023Mar 2024CHANGE
23 Days22 Days-3.7%

Summary: Homes in Aurora Township had an average of 22 days on market in Mar 2024, down by 3.7% compared to last year.

Breakdown of Home Sale Times

93 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

10 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 March 2024, 113 homes were sold in Aurora Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 18 Days Ago

Newest Listings in Aurora Township, IL

Nearby Markets to Aurora Township, IL

What housing markets are near Aurora Township, IL?