Aurora, IL Current Market Conditions - Feb. 2021

By
Managing Real Estate Broker with Heart Realty Group, Inc.. IL-471.002355

Low inventory is the current cry as the spring market starts off despite the snow, ice and below zero temps here in Illinois' western suburbs.  The current inventory for IL's 2nd city is as follows:

 

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 prepared to see more  multi-offer  scenarios than in past years.  

Sales vs 2020 are at a higher rate in January.  Whether that trend continues with the low inventory levels remains to be seen.

With Aurora, still one of the few cities with affordable homes and a wide housing stock from new construction to Victorian era homes, buyers can usually find a home that is within their budget and makes their heart jump when they fall in love with it.

 

Total Available Attached Single Family Homes:  45

New - 8

Reactivated - 4

Price Change - 1

Active - 32

Under Contract - Single Family Attached - 78

Pending - 17

Closed - January 2021 - 47   January 2020 - 41

 

 

Townhomes, condo's and duplexes are sometimes choices for 1st time home  owners that are not sure about  transitioning from being renters all their lives to being totally responsible for a single family home - they provide  the best of both worlds.  You have your own home but many times a lot of the outside maintenance is taken care of so you don't have to worry about snow shoveling, cutting grass and taking care of the outside of the home.  You do pay a price for these type of amenities but if your lifestyle currently doesn't allow you the  time to do the full homeowner duties, this is a great way to start paying yourself instead of continuing to make  your landlord rich.

If you are ready to take the next step - contact me and let's start your journey to home ownership!

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

Comments (2)

Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Evelyn, there's no doubt that Aurora, IL's home buyers and seller would benefit using your services!

 

Feb 12, 2021 11:18 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

very nice market report on Aurora IL - I hope some of those sales are yours!  Have a great weekend

Feb 12, 2021 08:18 PM

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