Is Byron Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$410,250
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Byron Township was $410,250 in April 2024, up 9.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319K | - | N/A |
2 Bedrooms | $272.5K | $265K | -2.8% |
3 Bedrooms | $311.9K | $339.9K | +9.0% |
4 Bedrooms | $475K | $507.3K | +6.8% |
5+ Bedrooms | $603.4K | $600K | -0.6% |
Summary: Byron Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Wyoming | $235K | $260K | +10.6% |
Byron Township | $374.4K | $410.2K | +9.5% |
Gaines Charter Township | $340K | $361K | +6.2% |
Kentwood | $290.8K | $308.7K | +6.2% |
Byron Center | $416.1K | $433.5K | +4.2% |
Housing Supply in Byron Township, MI
How many homes are available in Byron Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 88 | +29.4% |
Summary: The Byron Township real estate market had 88 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 18 | 29 | +61.1% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Byron Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 61.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Byron Township in April 2024, down by 11.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 34 Days | -21.3% |
Summary: Homes in Byron Township had an average of 34 days on market in Apr 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Byron Township; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.