Homes for Sale in Aurora, Colorado

The Real Estate Market in Aurora, Colorado: A Comprehensive Guide

If you're looking to purchase property or sell your existing one in Aurora, Colorado, then there is no better time than now. This thriving city located just outside of Denver has been attracting homebuyers and investors alike. The real estate market in Aurora, Colorado, is in a constant state of flux, which can make it a challenge to stay informed. But don’t worry, we’ve got you covered. In this comprehensive guide, we’ll give you an overview of everything you need to know about the Aurora real estate market.

Location and Demographics

Aurora is one of the most populous cities in Colorado, with a population of over 379,000. The city is known for its excellent location, with easy access to Denver International Airport and major highways. Plus, the presence of several tech companies in the city has created job opportunities and driven the housing market higher. Aurora has a diverse population, with residents from all walks of life, making it an ideal place for anyone looking to move to the city.

Market Trends and Prices

The real estate market in Aurora has been seeing a surge in demand and prices. Single-family homes, condos, and townhomes have been particularly popular, with sellers receiving multiple offers. According to data from Kenneth James Realty, the median home value in Aurora is $535,000, which has gone up by 7.5% over the past year. The average price per square foot is $283, with homes staying on the market for an average of 56 days.

Housing Inventory

Currently, the housing inventory in Aurora is low, and homes are selling fast. Most buyers are competing for a limited number of homes, which has resulted in bidding wars. So if you're planning to buy a home in Aurora, it's essential to be prepared and act fast. The high demand has also caused some sellers to be more confident in their asking prices, resulting in a slight increase in home prices.

Schools and Amenities

Aurora is an excellent place to raise a family, thanks to the city's excellent schools and amenities. Aurora Public Schools (APS) is the city's largest school district, serving over 40,000 students in 54 schools. The city also has several parks, golf courses, and a reservoir, making it a great place to enjoy nature. Downtown Aurora is an up-and-coming area, featuring unique dining options, shopping, and entertainment.

Tips for Buying or Selling in Aurora

If you're planning to buy or sell a home in Aurora, here are some tips to keep in mind:

Work with an experienced local real estate agent who can guide you through the process.
Be prepared and get pre-approved for a mortgage before starting your home search.
Don't be afraid to offer a competitive price—homes in Aurora are in high demand.
Sellers should consider doing renovations and updates to make their home more appealing to buyers.
Stay informed about the real estate market by tracking inventory, prices, and neighborhood trends.

Conclusion:

Overall, the Aurora real estate market is thriving, thanks to the city's booming economy and desirable location. While prices may be high and inventory low, buying or selling in Aurora can be a rewarding experience. With the help of a knowledgeable local real estate agent and some careful planning, you can find the home of your dreams in this dynamic city. So what are you waiting for? Start exploring the Aurora real estate market today!