Aurora Real Estate Market 2026

Aurora Real Estate Market Update – January 2026 (Sales)

Market direction: Cooling and clearly buyer-leaning.

Aurora’s freehold market softened further in January 2026. Average sale prices fell to $1,193,133, down 19.5% year-over-year from $1,482,161 in January 2025. Median prices also declined 12.6% year-over-year, falling from $1,235,000 to $1,079,000. Month-over-month, both average and median prices moved lower, confirming that pricing pressure is continuing into early 2026.

Sales activity remains weak. Only 30 homes sold in January 2026 versus 38 in December, and just 28 sales in January last year. While volume is slightly higher than last year, it is still low relative to inventory. Active listings rose to 201, pushing months of inventory to 6.93 months, which firmly places Aurora in buyer market conditions.

Seller leverage has deteriorated. Only 3.3% of homes sold above asking, down sharply from 28.6% last year, while 96.7% of sales closed below list price. The average sale-to-list price ratio dropped to 95.2%, confirming that buyers are negotiating meaningful discounts.

Time on market has expanded materially. Average days on market increased to 52 days, nearly double last year’s 29 days, and median days on market rose to 54 days versus 18 last year. Homes are taking significantly longer to sell, reinforcing the shift in negotiating power toward buyers.

Bottom line: Aurora pricing is still adjusting downward, inventory is elevated, and buyer leverage is strong. Sellers are facing longer timelines and heavier price negotiation. This remains a market where buyers can be selective and patient.

Aurora Real Estate Market Update – January 2026 (Rentals)

Market direction: Rental demand is strong, but tenant leverage is improving.

Aurora’s rental market showed stronger activity in January 2026, with 43 rental transactions, up 59.3% year-over-year. Average rent increased to $2,855, up 4.1% month-over-month, though still 2.3% lower year-over-year. Median rent rose to $2,650, up 6.0% month-over-month, but down 1.9% year-over-year.

New rental supply increased to 87 listings, up 52.6% month-over-month and 4.8% year-over-year. This increase in supply is giving tenants more options. Only 9.3% of rentals leased above asking, compared to 14.8% last year, while 46.5% leased below asking, more than double last year’s 22.2%.

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Average days on market rose to 40 days, up from 32 last year, indicating slower absorption. Despite strong transaction volume, pricing power for landlords has weakened, and incentives or pricing flexibility are becoming more common.

Bottom line: Aurora’s rental market remains active, but rising supply is softening pricing power. Tenants have more negotiating leverage than they did a year ago.

Aurora by Property Type – January 2026 (Sales Breakdown)

• Detached Homes
  
  
  • 18 sales
    
    
  • Average price: $1,488,889
    
    
  • Median price: $1,476,500
    
    
  • New listings: 69
    
    
  • SNLR: 26%
    
    
  • Average days on market: 49
    
    
• Townhomes
  
  
  • 5 sales
    
    
  • Average price: $915,400
    
    
  • Median price: $899,000
    
    
  • New listings: 15
    
    
  • SNLR: 33%
    
    
  • Average days on market: 79
    
    
• Condo Apartments
  
  
  • 4 sales
    
    
  • Average price: $618,000
    
    
  • Median price: $553,500
    
    
  • New listings: 11
    
    
  • SNLR: 36%
    
    
  • Average days on market: 53
    
    

Key insight: Detached homes continue to dominate Aurora’s market, but absorption rates across all housing types are weak. Townhomes and condos are sitting the longest, reflecting affordability constraints and cautious buyer sentiment.

Simple Takeaways for Buyers & Sellers

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• Buyers: Inventory is high, days on market are long, and most homes are selling below asking. This is one of the most buyer-friendly setups Aurora has seen in years.
  
  
• Sellers: Pricing accuracy matters more than ever. Overpricing is leading to long days on market and larger discounts.
  
  
• Investors: Price compression combined with softer rents means underwriting needs to be conservative. Cash flow assumptions should reflect slower leasing and higher vacancy risk.

• Renters:
  Rental supply has increased materially, and a growing share of listings are leasing below asking. With only 9.3% of rentals leasing above list price and 46.5% leasing below asking, tenants have significantly more negotiating leverage than a year ago. While demand remains active, rising inventory and longer days on market mean renters can be more selective on unit quality, location, and pricing. This is a better environment to negotiate rent, request incentives, or avoid overpaying for marginal units.