Is North Aurora, 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, North Aurora has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | - | N/A |
2 Bedrooms | $286.9K | $326.5K | +13.8% |
3 Bedrooms | $274.5K | $324.9K | +18.4% |
4 Bedrooms | $406K | $445K | +9.6% |
5+ Bedrooms | $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 | $300K | $350.7K | +16.9% |
Batavia Township | $365K | $392.2K | +7.5% |
Batavia | $375K | $400K | +6.7% |
Aurora | $279.3K | $296.1K | +6.0% |
Housing Supply in North Aurora, IL
How many homes are available in North Aurora, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 75 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 32 | +45.5% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 21 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 19 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
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.