Hey there, everyone! The Kombrink Team at One Source Realty here, your go-to REALTOR® team in Aurora, Illinois. Today, we're excited to bring you a market update for June 2024. Whether you're a buyer or seller, this information is crucial for making informed decisions in the Aurora real estate market. Let's dive right in!

Months Supply of Inventory

Currently, Aurora has a super low 0.95 Months Supply of Inventory. That means we're in a competitive market with limited options for buyers. This scarcity of homes available for sale creates a challenging environment for buyers, who may find themselves in bidding wars, while sellers can enjoy the advantage of higher demand.

Aurora IL Real Estate Market June 2024 Months Supply of Housing Inventory

List to Sold Price Percentage

Next up, let's talk about the List to Sold Price percentage. In Aurora, we're seeing homes sell for an average of 102.3% of their list price. This is great news for sellers, as it shows strong demand and competitive bidding in the market. Buyers should be prepared to offer above the asking price to secure their desired property.

Aurora IL Real Estate Market June 2024 Average List to Sale Price Percentage

Median Days on Market

Now, onto days on market. The median days on market in Aurora is a mere 6 days! That's right, homes are flying off the market quickly, so if you're a buyer, be prepared to act fast. This rapid pace underscores the importance of having your finances in order and being ready to make quick decisions.

Aurora IL Real Estate Market June 2024 Median Days on Market

Median Sold Price

Lastly, let's discuss the median sold price in Aurora, which currently stands at $310,000. This is a solid number that demonstrates the strength of the local real estate market. For sellers, this median price point indicates a healthy and robust market where your property can attract significant interest.

Aurora IL Real Estate Market June 2024 Median Sold Price


So, whether you're looking to buy or sell in Aurora, now is a great time to make a move. The market conditions are favorable, with high demand and competitive pricing. Staying informed about these trends can help you make the best decisions for your real estate needs.

If you have any questions or need assistance navigating the market, feel free to reach out to The Kombrink Team. We're here to help you every step of the way.

Posted by The Kombrink Team on


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