Aurora market report · September 2024
Aurora housing market: September 2024
Aurora housing market in September 2024: $1,505,401 average sale price (up 17.9% year over year), 55 homes sold, 2.8 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Aurora in September 2024
Aurora recorded 55 sales in September 2024, 12.2% more than the same month a year earlier. Sellers brought 206 new listings to market, leaving 274 properties in inventory — 66.1% more than a year ago. At the month's pace of sales that is 2.8 months of supply, which puts Aurora in a balanced market. 42% of the month's new listings sold.
The average sale price across all property types was $1,505,401, up 17.9% year over year and up 10.6% on the month. Detached homes averaged $1,774,427 against $625,000 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to September 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,774,427 | +11.2% | 36 | 135 | 179 |
| Semi-detached | $996,250 | -9.4% | 4 | 13 | 13 |
| Row / townhouse | $1,079,677 | -0.4% | 10 | 29 | 34 |
| Apartment | $625,000 | -0.5% | 3 | 14 | 24 |
| All types | $1,505,401 | +17.9% | 55 | 206 | 274 |
Source: the Toronto Regional Real Estate Board, Aurora, September 2024.
What this means if you're buying in Aurora
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. The estate properties on the town’s edges can run into the same issues as Caledon — larger parcels, sometimes well and septic, and lenders that will only value a limited acreage. On the century homes near Main Street, expect an insurer to ask about wiring, plumbing, and the age of the roof and furnace before binding a policy, and remember that you cannot close without insurance in place. Getting an insurance quote during the condition period, not after, is the practical safeguard.
Read the full Aurora area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Aurora?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.