Hello, Aurora residents and potential homebuyers! In this May 2024 market update, we'll explore the current dynamics of the Aurora real estate scene, which are crucial for both buyers and sellers to understand in this competitive landscape.

Current Market Overview

As of May 2024, Aurora's real estate market is exceptionally tight, with a remarkably low .82 Months Supply of Inventory (MSI). This indicates a strong seller's market where available homes are scarce. If you're looking to buy a home in Aurora, it’s essential to act swiftly and decisively. Our team is here to guide you through this fast-paced market, ensuring you have the best chance to secure your ideal property.

Aurora IL Months Supply of Housing Inventory May 2024

Opportunities for Sellers

For those considering selling their homes, now is an opportune time. The List to Sold Price ratio is an impressive 101.5%, showing that homes not only sell at their asking price but often exceed it. With homes selling rapidly, the median days on market is just 11 days. This fast turnover is a clear indicator of a robust demand and a great environment for sellers aiming to achieve top dollar for their properties.

Aurora IL List to Sold Price Percentage May 2024

Pricing Trends

The median sold price in Aurora currently stands at $350,000. This price point reflects the ongoing demand and the competitive nature of the market. Whether you're planning to buy or sell, understanding these pricing dynamics is crucial for making informed decisions and strategizing effectively.

Aurora IL Median Home Sold Price May 2024

Making Your Move

Whether you're looking to buy your dream home or sell your property in Aurora, our team is ready to assist you every step of the way. With our deep understanding of the local market and commitment to your success, we'll help navigate these exciting but challenging market conditions.

Contact Us

Ready to dive into the Aurora real estate market? Reach out to The Kombrink Team at One Source Realty by calling 630-402-0021. Let’s work together to turn your real estate aspirations into reality.


Thank you for tuning into our May 2024 market update. Aurora's real estate market is vibrant and offers unique opportunities for both buyers and sellers. We look forward to assisting you in your real estate journey and will be here with more insights in our next update. Stay tuned!

Posted by The Kombrink Team on


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