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 November 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

$304,996

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,696(+9.2%)

Key Takeaway

Homes in Aurora Township have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Aurora Township was $304,996 in November 2024, up 9.2% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $119.9K$139.7K
+16.5%
2 $230K$259.9K
+13.0%
3 $285K$315K
+10.5%
4 $376.5K$415K
+10.2%
5+ $353.5K$380K
+7.5%

Summary: Aurora Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

North Aurora
+13.6%
Aurora Township
+9.2%
Aurora
+8.6%
Montgomery
+4.0%
Oswego Township
+3.9%

Housing Supply in Aurora Township, IL

How many homes are available in Aurora Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
479443-7.5%

Summary: The Aurora Township real estate market had 443 homes for sale in November 2024, a 7.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1211
-8.3%
2 160127
-20.6%
3 194196
+1.0%
4 8988
-1.1%
5+ 2421
-12.5%

Summary: The Aurora Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
170136-20.0%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

57 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. 41.9% of homes here sold above asking price last month.

Summary: A total of 136 homes were sold or pending in Aurora Township in November 2024, down by 20.0% month-over-month. Of the 136 sold homes, 40% were sold under asking, 18% were sold at asking, and 42% 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

Nov 2023Nov 2024CHANGE
14 Days17 Days+23.2%

Summary: Homes in Aurora Township had an average of 17 days on market in Nov 2024, up by 23.2% compared to last year.

Breakdown of Home Sale Times

112 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 136 homes were sold in Aurora Township; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% 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 21 Days Ago

Newest Listings in Aurora Township, IL

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