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 May 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

$295,053

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$45,073(+18.0%)

Key Takeaway

Homes in Aurora Township have sold for 18% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $114.1K$129.9K
+13.8%
2 $210K$245.3K
+16.8%
3 $251.2K$300.1K
+19.5%
4 $325K$404K
+24.3%
5+ $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
+18.0%
North Aurora
+18.0%
Aurora
+7.1%
Oswego Township
+4.4%
Montgomery
-2.4%

Housing Supply in Aurora Township, IL

How many homes are available in Aurora Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
420498+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

# BEDSApr 2024May 2024CHANGE
1 914
+55.6%
2 108131
+21.3%
3 193231
+19.7%
4 9198
+7.7%
5+ 1924
+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 2024May 2024CHANGE
133160+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aurora Township, you could pay more than the asking price. 65% of homes here sold above asking price last month.

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 2023May 2024CHANGE
12 Days16 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Aurora Township, IL

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