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 April 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

$359,990

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$56,796(+18.7%)

Key Takeaway

Homes in North Aurora have sold for 18.7% more than they did a year ago.

Summary: The median home sold price in North Aurora was $359,990 in April 2024, up 18.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $187.5K-
N/A
2 $286.9K$329.9K
+15.0%
3 $274.5K$329.7K
+20.1%
4 $403K$449.9K
+11.6%
5+ $438.7K$571.5K
+30.2%

Summary: North Aurora housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 30.2%.

Median Sold Price Compared To Nearby Cities

North Aurora
+18.7%
Batavia Township
+9.6%
Batavia
+8.0%
Aurora
+7.1%

Housing Supply in North Aurora, IL

How many homes are available in North Aurora, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7074+5.7%

Summary: The North Aurora real estate market had 74 homes for sale in April 2024, a 5.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 3123
-25.8%
3 2432
+33.3%
4 1316
+23.1%
5+ 23
+50.0%

Summary: The North Aurora housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
22220.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

10 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, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 22 homes were sold or pending in North Aurora in April 2024, the same as the previous month. Of the 22 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% 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

Apr 2023Apr 2024CHANGE
15 Days16 Days+0.7%

Summary: Homes in North Aurora had an average of 16 days on market in Apr 2024, up by 0.7% compared to last year.

Breakdown of Home Sale Times

18 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 April 2024, 22 homes were sold in North Aurora; 82% of homes were sold within 30 days, 18% 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 28 Days Ago

Newest Listings in North Aurora, IL

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