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 September 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

$304,998

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$32,498(+11.9%)

Key Takeaway

Homes in Aurora Township have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Aurora Township was $304,998 in September 2024, up 11.9% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $113K$138.5K
+22.6%
2 $228.2K$255K
+11.7%
3 $275K$315K
+14.5%
4 $365K$415K
+13.7%
5+ $342.5K$385K
+12.4%

Summary: Aurora Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Cities

North Aurora
+14.5%
Aurora Township
+11.9%
Aurora
+8.9%
Oswego Township
+6.4%
Montgomery
+2.0%

Housing Supply in Aurora Township, IL

How many homes are available in Aurora Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
563534-5.2%

Summary: The Aurora Township real estate market had 534 homes for sale in September 2024, a 5.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1311
-15.4%
2 164155
-5.5%
3 253232
-8.3%
4 113112
-0.9%
5+ 2024
+20.0%

Summary: The Aurora Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
207154-25.6%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

76 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. 49.4% of homes here sold above asking price last month.

Summary: A total of 154 homes were sold or pending in Aurora Township in September 2024, down by 25.6% month-over-month. Of the 154 sold homes, 37% were sold under asking, 14% were sold at asking, and 49% 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

Sep 2023Sep 2024CHANGE
12 Days14 Days+15.4%

Summary: Homes in Aurora Township had an average of 14 days on market in Sep 2024, up by 15.4% compared to last year.

Breakdown of Home Sale Times

134 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 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 September 2024, 154 homes were sold in Aurora Township; 87% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% 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 30 Days Ago

Newest Listings in Aurora Township, IL

Nearby Markets to Aurora Township, IL

What housing markets are near Aurora Township, IL?