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 November 2021

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.

How much do homes in North Aurora, IL cost?

Median Sold Price

$307,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$16,666(+5.7%)

Key Takeaway

Homes in North Aurora have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$165K
N/A
2 $221.2K$275K
+24.3%
3 $247.5K$275.2K
+11.2%
4 $372K$406K
+9.1%
5+ $385K$439.3K
+14.1%

Median Sold Price Compared To Nearby Cities

Aurora
+12.2%
Batavia Township
+9.3%
Batavia
+7.0%
North Aurora
+5.7%

How many homes are available in North Aurora, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
5349-7.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1210
-16.7%
3 2423
-4.2%
4 1412
-14.3%
5+ 34
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
1417+21.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Aurora, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days30 Days+158.5%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North Aurora, IL

North Aurora, IL has 49 homes on the market. Between October 2022 and November 2022, North Aurora, IL real estate market has seen decrease in the number of listings by 7.5%. In November 2022 median list price was $307,000 and the average listing age was 30 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 24.3%, 3 bedrooms properties prices increased by 11.2%, prices of 4 bedrooms properties went up by 9.1%, 5 bedrooms properties prices increased by 14.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 16.7% less available, 3 bedrooms homes inventory decreased by 4.2%, volume of 4 bedrooms homes went down by 14.3%, number of 5 bedrooms homes increased by 33.3%. In November 2022, from all listings sold in North Aurora, IL there were more than 5 sold above asking price, over 7 sold below and more than 5 were sold right at the asked price.

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