Is Byron Center, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Byron Center has remained a Seller's Market.
Housing Prices in Byron Center, MI
How much do homes in Byron Center, MI cost?
Median Sold Price
$440,694
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Byron Center was $440,694 in February 2024, up 9.1% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319K | - | N/A |
2 Bedrooms | $291.7K | $272.5K | -6.6% |
3 Bedrooms | $335K | $365K | +9.0% |
4 Bedrooms | $479.9K | $495.8K | +3.3% |
5+ Bedrooms | $623.2K | $615.2K | -1.3% |
Summary: Byron Center housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
Dorr Township | $289.9K | $336.2K | +16.0% |
Byron Township | $370K | $410K | +10.8% |
Wyoming | $234.6K | $256.3K | +9.2% |
Byron Center | $404K | $440.6K | +9.1% |
Gaines Charter Township | $337.2K | $360.2K | +6.8% |
Housing Supply in Byron Center, MI
How many homes are available in Byron Center, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 | 73 | -7.6% |
Summary: The Byron Center real estate market had 73 homes for sale in February 2024, a 7.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 9 | -25.0% |
3 Bedrooms | 29 | 27 | -6.9% |
4 Bedrooms | 29 | 30 | +3.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Byron Center housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Byron Center in February 2024, up by 5.3% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 50 Days | +61.4% |
Summary: Homes in Byron Center had an average of 50 days on market in Feb 2024, up by 61.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in Byron Center; 60% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.