Is Byron Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Byron Township has remained a Seller's Market.
Housing Prices in Byron Township, MI
How much do homes in Byron Township, MI cost?
Median Sold Price
$410,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Byron Township was $410,000 in May 2024, up 11.9% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319K | $229.9K | -27.9% |
2 Bedrooms | $271K | $267K | -1.5% |
3 Bedrooms | $305K | $339.9K | +11.4% |
4 Bedrooms | $462K | $503.6K | +9.0% |
5+ Bedrooms | $565.5K | $584.9K | +3.4% |
Summary: Byron Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.9%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Byron Township | $366.2K | $410K | +11.9% |
Wyoming | $235K | $260K | +10.6% |
Gaines Charter Township | $339.5K | $360K | +6.0% |
Kentwood | $299.4K | $309.6K | +3.4% |
Byron Center | $416.5K | $429.5K | +3.1% |
Housing Supply in Byron Township, MI
How many homes are available in Byron Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 113 | +27.0% |
Summary: The Byron Township real estate market had 113 homes for sale in May 2024, a 27.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 28 | 38 | +35.7% |
4 Bedrooms | 31 | 35 | +12.9% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The Byron Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 32 | +100.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Byron Township in May 2024, up by 100.0% month-over-month. Of the 32 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Byron Township, MI
How long does it take to sell a home in Byron Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 11 Days | -71.1% |
Summary: Homes in Byron Township had an average of 11 days on market in May 2024, down by 71.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Byron Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.