affordable homes in aurora il: Aurora, IL June 2022 Housing Stats - Slowing Down!
- 07/14/22 12:04 PM
Illinois' 2nd city, Aurora, is following the trend of less sales compared to 2021 with only 162 closed transactions in June 2022, compared to the 207 closed transactions in June 2021. The attached home sales were at 81 closed transactions compare to 103 in 2021. The increase in interest rates and the low inventory is slowing putting on the breaks in actual sales although prices themselves are still appreciating. Current inventory levels (7/14/22) are at 116 for single family detached with another 61 homes available in the attached home category (condo/TH/duplex). The official numbers will be released in the next few weeks by MRED*. … (0 comments)
affordable homes in aurora il: Aurora, IL Home Sales Drop 17.7% in October, 2021
- 11/15/21 03:37 PM
Despite the 17.7% drop in closed sales in October, 2021 to 153 from October, 2020's 186, there is good news for home sellers in Aurora, IL. The Days on Market (DOM) dropped a whopping 50% from October's 2020 46 days to only 23 days for single family homes. Sellers will like the 6.8% increase in the median sale price from$257,500 in October 2020 to $275,000 in October 2021. Meanwhile with only 70 active listings currently broken down in the following categories: New - 17 Reactivated - 2 Price Change - 4 Active - 47 Already in November we have 189 homes under contract and 17 pending. With 89 … (0 comments)
affordable homes in aurora il: Aurora IL August Market Update & Current Inventory Levels
- 09/10/21 02:05 PM
Will September's real estate market take a slower pace from the crazy multi-offer, over list price frenzy that happened in early spring to late summer? Illinois' 2nd city, Aurora, is still having inventory shortages with only 121 single family homes available as of 9/10/21! Of those 121, there are 25 in the New category, six in reactivated and 13 with Price Changes which leaves 77 as regular active listings. Currently there are 230 homes under contract and 23 in pending status. Aurora's market is still going strong as homes are going on the market as fast as they are listed. There were 214 closed … (0 comments)
affordable homes in aurora il: Aurora, IL - Inventory Levels Slowly Increasing in July, 2021
- 07/12/21 01:08 PM
Aurora, IL has 43 new home listings as we approach the half-way mark for July 2021. With these new homes there are currently still only 118 single family detached homes available in Illinois' 2nd city. Even with the 23 "new" listings in the attached single family home category which brings that total to 73 we still only have 191 homes in the single home category!
Looking at the "under contract/contingent" status we have 306 in the single family detached category and 155 in the attached single family group. Over 2 times the amount of homes are under contract than available for sale … (1 comments)
Total Available Single Family Homes: 60 New Listings - 25 Reactivated - 4 Price Change - 1 Active - 30 Under Contract - Single Family - 170 Pending - 24 Closed - January 2021 - 91 January 2020 - 71
With almost 3 x the homes under contract as available, the buyer in today's home buying journey has to be ready to make a quick offer on a home if they are serious. Buyer's be … (2 comments)
affordable homes in aurora il: Aurora IL Single Family Homes - Slower Sales in Oct. 2019
- 11/05/19 03:17 PM
Illinois 2nd city had a bad October with slower home sales compared to 2018. With only 95 closed sales compared to 2018's 134 it was not a treat for homesellers in Aurora, IL. Year-to-date sales also show a decrease of home sales from 2018s 1,405 closed sales to 2019's 1,075 year to date sales. Homes under $400K are the bulk of the sales in Aurora, IL which makes it a very affordable city for today's home buyers. With an energized downtown, residents will be enjoying a bevy of new restaurants and new business' in the next six months as developers discover what … (2 comments)
affordable homes in aurora il: Aurora IL Sees a 62% increase in Days On Market!
- 06/20/19 02:07 PM
They say April's showers bring May flowers...but in real estate the rainy weather we have had this spring is not bring out the buyer's compared to 2018. The City of Light's, i.e. Aurora, IL,. saw an increase of 62% in Days on Market to 81 days compared to May 2018's 50 days! Along with that bad news, the median sales price dropped 12.8% to $210,262 from $241,00 in 2018. Sales also dropped 4.1% to 162 closed sales from 2018's 169. Current inventory levels as follows: Active - 230 New - 37 Price Change 38 Reactivated - 9 Total - 314
Under Contract - 240 Pending - 16 Closed - In … (1 comments)
Whether it was the higher prices, lower inventory, higher interest rates or just cold weather the next few months will hopefully give us better answers!
YTD inventory levels are also down from 2017's 318 closed transactions to only 267 sold single family homes!
Current available inventory is 218 total available homes. Of the 218, we have 45 brand new listings which is great news … (0 comments)
affordable homes in aurora il: Aurora IL Has 47.7% Drop in Inventory from 2016!
- 10/10/17 12:58 PM
Aurora, IL which has been on several "Best Places" lists recently had 12.2% Price Appreciation in single family home sales in September, 2017 - the median price in Sept. 2016 was $180,000 and the new median is $202,000. With a 32.6% drop in Days on Market, buyers are catching on that Aurora, IL diverse housing stock has something for everyone! Being Illinois' 2nd city provides the "City of Lights" a big range of homes from the current low price of $72,500 for a foreclosed American Foursquare with 4 bedrooms, 2 baths and a full basement to its highest priced 5 bedroom, 5.1 … (1 comments)
affordable homes in aurora il: Aurora IL Post Lower Home Sales in May 2017
- 06/01/17 01:15 PM
Could the lower home inventory have anything to do with Aurora's lower closed transactions in May 2017? Hard to tell but with 163 closed sales vs 183 in 2016 it may be possible. Here are the numbers for current inventory in Aurora, IL:
Active - 242 Ractivated - 7 New - 38 Price Change - 25 Contingent - 328 Pending - 48
… (0 comments)
affordable homes in aurora il: Aurora IL - January 2017 - 55.6% Drop in Inventory vs 2016!
- 02/09/17 01:17 PM
It may be only be 24 degrees and sunny in Aurora, IL today but it's real estate market is HOT! With less than 2 months (1.9) of available used homes in inventory the numbers speak for themselves. A 55.6% drop in inventory from 2016's 4.4 months. With affordability being a big issue for many 1st time home buyers - Aurora, IL has a diverse inventory of homes - from century old Victorians to new home construction...and even country estates....buyers are sure to find a home to fit their needs.
affordable homes in aurora il: Average Home Price in Aurora, IL Up 7% in 2016
- 01/11/17 01:52 PM
It may be Illinois' 2nd city but Aurora, IL home prices went up 7% in 2016! The average home price in Aurora was $206,798 up from 2015's $193,228. With 1,739 closed transactions in 2016 versus 1,712 in 2015, Aurora's real estate market ended 2016 with a strong finish. The median single family home price went up 7.5% to $188,100 from 2015's $175,000. Currently there are 241 homes available up to $500K and another 12 over $501K. With only 253 single family homes currently available - this represents only 2.7 months of inventory. If you are thinking of selling your Aurora, IL home, beat … (0 comments)
affordable homes in aurora il: Aurora IL Average Home Sales Price Up 7.4% YTD
- 10/12/16 03:43 AM
The City of Lights continue it's strong market with low inventory levels, increase in average sales price and median sales price in single detached homes. The average sales price increased to $209,378 from 2015's $194,899 which is a 7.40% increase! The median sales price also increased from 2015's level of $177,500 to 2016's YTD of $192,250 - which is a 8.3% increase! Go Aurora, IL! With a population of over 200,000 this Fox River town - which happens to be the 2nd largest city in the state of IL, continues to provide a variety of housing options for home buyers and … (2 comments)
affordable homes in aurora il: Aurora IL Continues Beating 2014 Home Sales YTD!
- 11/07/15 04:22 AM
Illinois' 2nd City continues its upward trend as it beats 2014 single family home sales. The only city that is in four different counties, Aurora, IL is one of the more affordable cites in the Chicagoland area. With a diverse population and a diverse housing stock from Victorian age mansions to contemporary condo's along the Fox River, if you are looking for a particular home style you will definitely find it in Aurora, IL. October home sales are ahead of October 2014 closed sales with 136 closed transactions vs 2014's 127 transactions. The year to date numbers really tell the story as … (0 comments)
affordable homes in aurora il: Aurora, IL - 2nd City Posts Double Digit Median Price Increase
- 10/07/15 02:23 AM
One of the most affordable cities in the Chicago Metro area - Aurora, IL 3rd Quarter results shows that the median price for single family detached homes has increased to 15.8% from 2014's prices. In 2014 the median price was $155,413 and the same period in 2015 its $179,900!
The average sales price increased 7.5% to $198,006 from 2014's $184,220. With only a drop of -1.3% drop in actual sales to 466 from 2014's 472 closed sales in the same time period.
As of 10/9/2015, there are 448 active listings, 47 "New" listings, i.e. (7 days or less, market time), 43 listings have … (1 comments)
affordable homes in aurora il: Strong Condo/TH/Duplex Sales in Feb. for Aurora, IL
- 03/05/15 09:07 AM
Aurora, IL is one of the few Fox Valley towns that are still relatively affordable and first time homebuyers who want to get their feet wet may start their first home buying experience in a condo/townhome or duplex. These numbers indicate that these homes will be in high demand as the Spring market heats up!
This market niche was pretty strong in Febuary with 39 closed sales compared to 2014's 34. Currently there are 156 active listings available. Of those - 17 were "New" and 9 had Price Changes. The current number under contract are 115! With another 21 that … (2 comments)
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Evelyn Santiago, Managing Broker Heart Realty Group, Inc.
Illinois' 2nd city, Aurora, is following the trend of less sales compared to 2021 with only 162 closed transactions in June 2022, compared to the 207 closed transactions in June 2021. 
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