Aurora, CO Real Estate Market Analysis

Once a budding frontier town of farmers and ranchers just east of the state’s capital, Aurora is Colorado’s third-largest city, with a diverse population of more than 398,000. Aurora established its foundation as a driving force in the west, from an agricultural outpost to a military bastion.

Aurora is a full-service city governed by a council/manager form of government, which combines the political leadership of elected officials with the managerial expertise of an appointed local government manager.

At 163 square miles, the city reaches into Arapahoe, Adams, and Douglas counties. Aurora’s strategic, comprehensive plan emphasizes the formation of livable, full-service neighborhoods.

Tree-lined streets, open prairie, majestic views of the mountains, and ample neighborhood parks make Aurora neighborhoods a comfortable place to call home. More than 450 neighborhoods complete the fabric of the community.

Situated at the foot of the Rocky Mountains, Aurora is a gateway to all Colorado offers. Aurora has five golf courses, two reservoirs, more than 97 parks, and over 5,000 acres of open space and trails. 

Aurora’s climate is mild and dry, with more than 300 days of sunshine a year, offering residents and visitors ample opportunity to get outside, stay fit, and enjoy all that Colorado living has to offer.

Each resident has a right to expect a safe city and to trust that they will be helped in an emergency. Nearly 60 percent of the city’s general fund budget supports Aurora’s public safety functions.

Aurora, CO, Real Estate Market Summary

• There are 1580 active home listings and 155 new homes for sale in Aurora, CO.
• In Aurora, CO, homes were selling for a median price of $515,000 in February 2023.
• On average, homes in Aurora, CO, sell after 47 days on the market compared to 13 days last year.
• 1069 homes were sold in Aurora, CO, in February 2023, up from 272 last year.
• Aurora, CO, is part of the Arapahoe County R-1 School District, with 68 Elementary Schools, 36 Middle Schools, and 19 High Schools.
• The average rating of all the Aurora, CO schools is 4 out of 10 by Great Schools.
• The median list price of homes in Aurora, CO, was $515,000 in February 2023, compared to $583,000 in 2022.
• In February 2023, Aurora, CO, was a seller’s market, indicating that more people were looking to buy than available homes.

Aurora Housing Market

The Aurora housing market is very competitive. Homes in Aurora receive three offers on average and sell in around 29 days. The average sale price of a home in Aurora was $452K last month, down 3.9% since last year. Aurora’s average sale price per square foot is $230, down 6.5% since last year.

What is the housing market like in Aurora today?

In February 2023, Aurora home prices were down 3.8% compared to last year, selling for a median price of $452K. There were 400 homes sold in February this year, down from 521 last year. On average, homes in Aurora sell after 35 days on the market compared to 5 days last year.

Aurora Migration & Relocation Trends

In Dec ’22 – Feb ’23, 34% of Aurora homebuyers searched to move out of Aurora, while 66% looked to stay within the metropolitan area.

Where are people moving to Aurora from?

• Across the nation, 1% of homebuyers searched to move into Aurora from outside metros.
• San Francisco homebuyers searched to move into Aurora more than any other metro, followed by Boston and New York.

Where are people from Aurora moving to?

• 66% of Aurora homebuyers searched to stay within the Aurora metropolitan area.
• Chicago was the most popular destination among Aurora homebuyers, followed by Phoenix and Breckenridge.

Home values in Aurora, CO

Aurora is a city in Colorado and consists of 64 neighborhoods. There are 1,482 homes for sale, ranging from $1 to $3.4M. Aurora has affordable condos/townhomes and affordable multi-families.

Aurora, CO Housing Market Data

• In February 2023, Aurora, CO’s median listing home price was $465K, trending up 3.4% year-over-year. The median home sold price was $513.8K. The median listing home price per square foot was $239.
• Sale-to-List Price Ratio: 100%
• Homes in Aurora, CO, sold on average for approximately the asking price in February 2023.
• Aurora, CO, is a buyer’s market in February 2023, which means that the supply of homes is greater than the demand for homes.
• On average, homes in Aurora, CO, sell after 75 days on the market. The trend for median days on the market in Aurora, CO, has increased since last month and slightly up since last year.

Top Schools in Aurora, CO

Aurora, CO, hosts 128 public schools rated good and higher by GreatSchools. You can also find 20 private and charter schools. 

Homes For Sale in Aurora, CO

There are 1,482 homes for sale in Aurora, CO, and 431 newly listed within the last week. There are also 972 rentals, ranging from $775 to $4.6K per month. 

Amenities near Aurora, CO

You can find dozens of grocery stores and hundreds of cafes and restaurants in Aurora, CO.

Explore Aurora, CO

There are 64 neighborhoods in Aurora. City Center North is the most affordable neighborhood, with a median listing home price of $245K. Southshore has a median listing home price of $835K, making it the most expensive neighborhood.