$2,196 Closing Credit*
$184,900
960 SqFt
2 Beds
•1 Full Bath, 1 Partial
Norma Jean Jofs, Listing Office: Next Door Realty
Is Aurora, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Aurora was a Neutral Market.
Key Takeaway
Aurora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Aurora, MN
How much do homes in Aurora, MN cost?
Median Sold Price
$149,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$12,500(-7.7%)
Key Takeaway
Homes in Aurora have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Aurora was $149,500 in August 2024, down 7.7% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $225K | $135K | -40.0% |
| 3 Bedrooms | $190K | $148K | -22.1% |
| 4 Bedrooms | $120K | $301.9K | +151.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Aurora housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 151.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Aurora | $162K | $149.5K | -7.7% |
| White Township | $176K | $141K | -19.9% |
Housing Supply in Aurora, MN
How many homes are available in Aurora, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Aurora real estate market had 10 homes for sale in August 2024, a 28.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 4 | -55.6% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Aurora housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 55.6%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Aurora, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Aurora in August 2024, down by 40.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Aurora, MN
How long does it take to sell a home in Aurora, MN?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 45 Days | 58 Days | +28.9% |
Summary: Homes in Aurora had an average of 58 days on market in Aug 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Aurora are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Aurora; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
