Aurora is probably most recognized by contemporary society as the homestead of the wacky Wayne's World characters in the popular early-1990s comedy, which stemmed from a Saturday Night Live skit with Mike Myers and Dana Carvey. But, as you may have guessed, there's more to Aurora than a goofy movie. it's actually one of the most sought-after communities west of Chicago.
Aurora got its start in 1834 when Samuel and Joseph McCarty, brothers from New York, chose to build a mill at a bend in the Fox River. It was a prime site for settlement because the river served as both a power source and a means of transportation for the area. The growing colony was incorporated a decade later in 1845, as other mills and factories sprung up along the waterway. At the same time, a separate settlement formed on the opposite side of the river, but by 1857 the two were combined, creating a single community. Unfortunately, the union wasn't as simple as building a quick bridge and calling it a day. In the following year there was constant jockeying for municipal power as both sides vied to establish themselves as the central core. So it was finally determined the town hall and other official offices would be situated on an island in the middle of the river, which still remains Aurora's city center to this day.
After the marriage of the river's two sides, Aurora quickly developed into a bustling manufacturing town that provided, among other things, building materials for that little boomtown directly to the east (Chicago). Construction and repair shops for the Chicago, Burlington & Quincy Railroad were also located in Aurora beginning in the mid-1850s, and they became the largest employer in the city. In the following decades, Aurora attracted thousands of European immigrants who crossed the Atlantic in search of jobs and to escape the war-torn continent. The new wave of residents joined the ranks of blue-collar workers who thrived in Aurora's deep-seated industrial hotbed.
Aurora remained a manufacturing mecca until the 1980s, when many of the town's plants closed down. Aurora was forced to think creatively and to find another economy on which the city could operate. As result, downtown Aurora was redeveloped and populated and business parks and new residential communities were built to attract new residents to the area. The town also added riverboat casinos to boost city revenues, which have become some of Aurora's most popular tourist attractions.
Now, Aurora is one of the more diverse communities located outside of Chicago. It has attracted thousands of Mexican-American immigrants over the past couple of decades, and the town has experienced steady growth since the 1990s. The one thing that Aurora grapples with is its identity in relation to Chicago ... Some call it a Chicago suburb, but most Aurora residents will tell you Aurora is an independent city, distinct from Chicago.
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Aurora Real Estate
Aurora is one of the most desirable places to live in northern Illinois because it offers excellent parks, schools, and most importantly, excellent home values. Like most of the blue-collar counties surrounding Chicago, the majority of properties found in Aurora are detached, single-family homes. About 60 percent of the available properties in Aurora are single-family homes, while about 10 percent are attached townhomes and condos. Many of the homes in Aurora are relatively inexpensive when compared with some of the other western suburbs of Chicago, but there are also a selection of very large, luxury residences and mansions that give Aurora a touch of elegance and blood-blue allure.
On average, two-bedroom, detached real estate in Aurora, Illinois sells for around $145,000 and three-bedroom homes go for about $205,000. There is a good range of architectural designs found in this section of the state, so whether you are looking for a traditional farmhouse-style or a modest, wood-frame house, you're sure to find just want you want in a dream home. There are a large number of classic, mid-century ranches and single-story brick houses that offer sturdy, lasting construction and affordable price tags. But Aurora also has its share of older residences-the kind with big front porches, ornate exterior embellishments and a vintage character that oozes small town charm.
The residential real estate in Aurora offers homebuyers attached living options, in addition to the sizeable inventory of detached, single-family homes. Condominium units here start at around $65,000 for a one-bedroom with a selection of two-bedrooms available for under $100,000, too. On the upper end, you'll get pristine, upmarket condos and townhouses with two-car garages and fully upgraded amenities and finishes for anywhere from the high $100,000s to $600,000. The average sale price for a two-bedroom unit in Aurora is around $170,000 and for three-bedrooms, the average sale price goes up to almost $200,000.
Aurora market trends
The average sale price of a home in Aurora is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Aurora sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in Aurora spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Aurora sign up for the trends report below or contact your Dream Town broker.
The average sale price of a home compared to its listing price in Aurora is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Aurora sign up for the trends report below or contact your Dream Town broker.
The total number of listings in Aurora is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Aurora sign up for the trends report below or contact your Dream Town broker.
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