Is Aurora Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Aurora Township has remained a Seller's Market.
Housing Prices in Aurora Township, IL
How much do homes in Aurora Township, IL cost?
Median Sold Price
$295,053
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Aurora Township was $295,053 in May 2024, up 18% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.1K | $129.9K | +13.8% |
2 Bedrooms | $210K | $245.3K | +16.8% |
3 Bedrooms | $251.2K | $300.1K | +19.5% |
4 Bedrooms | $325K | $404K | +24.3% |
5+ Bedrooms | $290K | $357.5K | +23.3% |
Summary: Aurora Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
Aurora Township | $249.9K | $295K | +18.0% |
North Aurora | $305K | $359.9K | +18.0% |
Aurora | $280.5K | $300.5K | +7.1% |
Oswego Township | $339.9K | $354.8K | +4.4% |
Montgomery | $289.9K | $283K | -2.4% |
Housing Supply in Aurora Township, IL
How many homes are available in Aurora Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
420 | 498 | +18.6% |
Summary: The Aurora Township real estate market had 498 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 14 | +55.6% |
2 Bedrooms | 108 | 131 | +21.3% |
3 Bedrooms | 193 | 231 | +19.7% |
4 Bedrooms | 91 | 98 | +7.7% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Aurora Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
133 | 160 | +20.3% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
104 Homes Were Sold
Over Asking
Summary: A total of 160 homes were sold or pending in Aurora Township in May 2024, up by 20.3% month-over-month. Of the 160 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 16 Days | +25.9% |
Summary: Homes in Aurora Township had an average of 16 days on market in May 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
136 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 160 homes were sold in Aurora Township; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.