Is Byron, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Byron is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Byron has remained a Seller's Market.

Key Takeaway

Byron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Byron, IL

How much do homes in Byron, IL cost?

Median Sold Price

$255,450

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,450(+13.5%)

Key Takeaway

Homes in Byron have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Byron was $255,450 in May 2024, up 13.5% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$125K
N/A
2 $136K$212.7K
+56.4%
3 $225K$250.5K
+11.3%
4 $255K$256.4K
+0.6%
5+ $255K$445K
+74.5%

Summary: Byron housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 74.5%.

Median Sold Price Compared To Nearby Cities

Byron
+13.5%
Byron Township
+5.3%
Marion Township
+5.1%

Housing Supply in Byron, IL

How many homes are available in Byron, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
12120.0%

Summary: The Byron real estate market had 12 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 64
-33.3%
4 67
+16.7%
5+ 00
0.0%

Summary: The Byron housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
05+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Byron, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Byron in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Byron, IL

How long does it take to sell a home in Byron, IL?

Average Sale Time

May 2023May 2024CHANGE
47 Days8 Days-82.6%

Summary: Homes in Byron had an average of 8 days on market in May 2024, down by 82.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Byron are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Byron; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 06/01/2022 - 06/01/2024

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 12:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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