Aurora, IL Foreclosures
How much do homes sell for in Aurora, IL?
The average home price is currently $386,133.
In Aurora, IL, how many homes are available?
There are currently 1,917 active home listings available in Aurora.
What’s the average rental cost in Aurora, IL?
The average rental price in Aurora is $1,608.
What is the most expensive home in Aurora?
The most expensive home sold in Aurora had a price of $120,523,364.
What is currently the cheapest priced home in Aurora, IL?
The cheapest home for sale in Aurora is priced at $10,207.
Living in Aurora, IL
Aurora, IL, is a thriving city in the western suburbs of Chicago, offering a unique blend of urban amenities and suburban tranquility. It features a vibrant downtown area with shopping, dining, and cultural experiences, while also providing access to beautiful parks and recreational activities. With a strong sense of community and excellent schools, Aurora is an ideal location for families and professionals alike.
Current Market Conditions in Aurora, IL
The Aurora real estate market has shown consistent growth over the past year, with home prices rising steadily due to increased demand and limited inventory. Buyers are attracted to the city's amenities, schools, and accessibility to Chicago, leading to competitive bidding in some neighborhoods. As a result, home values have increased, making it a favorable market for sellers.
Recent trends indicate that single-family homes are particularly sought after, with many buyers looking for larger properties that offer outdoor spaces. The rental market is also experiencing growth, attributed to the influx of new residents and a desire for flexibility. Overall, Aurora's real estate market is thriving, showing resilience and durability.
Home Value Estimator For Aurora, IL
There are currently 54,697 real estate properties
in Aurora, IL,
with a median automated valuation model (AVM) price
of $311,004.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Aurora, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Aurora, IL,
is $386,133.00, with the most expensive house
in Aurora, IL, topping out
at $120,523,364.00 and the cheapest home
in Aurora, IL,
clocking in at $10,207.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Aurora, IL!
Rent Prices
In Aurora, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Aurora, IL, is on
a rollercoaster ride. The
average rent price in Aurora, IL,
is $1,608.00. Indeed, when looking to rent in
Aurora, IL, you can expect to pay as little
as $750.00 or as much
as $5,160.00,
with the average rent median estimated to
be $1,510.00. The good news is that finding
an affordable and desirable property to rent in Aurora, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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