Is Aurora Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Aurora Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113.3K | $116.2K | +2.6% |
2 Bedrooms | $200K | $237.1K | +18.6% |
3 Bedrooms | $242.1K | $300K | +23.9% |
4 Bedrooms | $298.5K | $400K | +34.0% |
5+ Bedrooms | $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 | $240K | $290K | +20.8% |
North Aurora | $300K | $350.7K | +16.9% |
Aurora | $279.3K | $296.1K | +6.0% |
Oswego Township | $336.3K | $355K | +5.5% |
Montgomery | $294.8K | $280K | -5.0% |
Housing Supply in Aurora Township, IL
How many homes are available in Aurora Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
326 | 366 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 68 | 89 | +30.9% |
3 Bedrooms | 165 | 166 | +0.6% |
4 Bedrooms | 74 | 90 | +21.6% |
5+ Bedrooms | 12 | 14 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 113 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 22 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
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.