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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Aurora is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in North Aurora, IL

How much do homes in North Aurora, IL cost?

Median Sold Price

$350,715

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$50,715(+16.9%)

Key Takeaway

Homes in North Aurora have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in North Aurora was $350,715 in March 2024, up 16.9% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $187.5K-
N/A
2 $286.9K$326.5K
+13.8%
3 $274.5K$324.9K
+18.4%
4 $406K$445K
+9.6%
5+ $438.7K$542.5K
+23.6%

Summary: North Aurora housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 23.6%.

Median Sold Price Compared To Nearby Cities

North Aurora
+16.9%
Batavia Township
+7.5%
Batavia
+6.7%
Aurora
+6.0%

Housing Supply in North Aurora, IL

How many homes are available in North Aurora, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5875+29.3%

Summary: The North Aurora real estate market had 75 homes for sale in March 2024, a 29.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2232
+45.5%
3 1821
+16.7%
4 1620
+25.0%
5+ 22
0.0%

Summary: The North Aurora 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 45.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
821+162.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Aurora, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in North Aurora in March 2024, up by 162.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.

Days on Market for North Aurora, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
24 Days19 Days-20.8%

Summary: Homes in North Aurora had an average of 19 days on market in Mar 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 21 homes were sold in North Aurora; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in North Aurora, IL

Nearby Markets to North Aurora, IL

What housing markets are near North Aurora, IL?