Is Byron Center, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Byron Center was a Seller's Market.
Housing Prices in Byron Center, MI
How much do homes in Byron Center, MI cost?
Median Sold Price
$433,562
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Byron Center was $433,562 in April 2024, up 4.2% 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 | $291.7K | $285K | -2.3% |
3 Bedrooms | $349.9K | $368.4K | +5.3% |
4 Bedrooms | $479.9K | $510K | +6.3% |
5+ Bedrooms | $620.7K | $618.1K | -0.4% |
Summary: Byron Center 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 2.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Wyoming | $235K | $260K | +10.6% |
Dorr Township | $303K | $332.9K | +9.9% |
Byron Township | $374.4K | $410.2K | +9.5% |
Gaines Charter Township | $340K | $361K | +6.2% |
Byron Center | $416.1K | $433.5K | +4.2% |
Housing Supply in Byron Center, MI
How many homes are available in Byron Center, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 90 | +8.4% |
Summary: The Byron Center real estate market had 90 homes for sale in April 2024, a 8.4% 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 | 11 | 11 | 0.0% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Byron Center 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 remained the same, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Byron Center in April 2024, down by 28.6% month-over-month. Of the 15 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 50 Days | +39.5% |
Summary: Homes in Byron Center had an average of 50 days on market in Apr 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Byron Center; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.