Is Aurora, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aurora is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Aurora has remained a Seller's Market.

Key Takeaway

Aurora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Aurora, IL

How much do homes in Aurora, IL cost?

Median Sold Price

$310,642

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,294(+8.9%)

Key Takeaway

Homes in Aurora have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Aurora was $310,642 in October 2024, up 8.9% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $113.1K$140K
+23.7%
2 $227.1K$255.1K
+12.3%
3 $287.7K$320.3K
+11.3%
4 $403.7K$434.8K
+7.7%
5+ $396K$380K
-4.0%

Summary: Aurora housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

North Aurora
+15.9%
Aurora Township
+10.8%
Aurora
+8.9%
Naperville Township
+7.9%

Housing Supply in Aurora, IL

How many homes are available in Aurora, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
482498+3.3%

Summary: The Aurora real estate market had 498 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1014
+40.0%
2 135156
+15.6%
3 214208
-2.8%
4 10194
-6.9%
5+ 2226
+18.2%

Summary: The Aurora housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
158157-0.6%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

71 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aurora, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Summary: A total of 157 homes were sold or pending in Aurora in October 2024, down by 0.6% month-over-month. Of the 157 sold homes, 38% were sold under asking, 17% were sold at asking, and 45% were sold over asking.

Days on Market for Aurora, IL

How long does it take to sell a home in Aurora, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days17 Days+25.7%

Summary: Homes in Aurora had an average of 17 days on market in Oct 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

130 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Aurora are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 157 homes were sold in Aurora; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% 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 16 Days Ago

Newest Listings in Aurora, IL

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