Is Byron Center, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Byron Center has remained a Seller's Market.
Key Takeaway
Byron Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Byron Center, MI
How much do homes in Byron Center, MI cost?
Median Sold Price
$431,666
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Byron Center have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Byron Center was $431,666 in March 2024, up 6.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319K | - | N/A |
| 2 Bedrooms | $290K | $280K | -3.4% |
| 3 Bedrooms | $350K | $364.7K | +4.2% |
| 4 Bedrooms | $479.9K | $498.3K | +3.8% |
| 5+ Bedrooms | $617.4K | $605K | -2.0% |
Summary: Byron Center housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Wyoming | $234.8K | $258.5K | +10.1% |
| Byron Township | $370.9K | $405K | +9.2% |
| Dorr Township | $309K | $334.4K | +8.2% |
| Byron Center | $405K | $431.6K | +6.6% |
| Gaines Charter Township | $338K | $360K | +6.5% |
Housing Supply in Byron Center, MI
How many homes are available in Byron Center, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 77 | -3.8% |
Summary: The Byron Center real estate market had 77 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 30 | 24 | -20.0% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Byron Center housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 15 | -40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Byron Center, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Byron Center in March 2024, down by 40.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for Byron Center, MI
How long does it take to sell a home in Byron Center, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 45 Days | -2.2% |
Summary: Homes in Byron Center had an average of 45 days on market in Mar 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Byron Center are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Byron Center; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
