Is Byron Center, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Byron Center is a seller's market

Buyer's
Market

Difference Since February 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

$440,694

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$36,694(+9.1%)

Key Takeaway

Homes in Byron Center have sold for 9.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $319K-
N/A
2 $291.7K$272.5K
-6.6%
3 $335K$365K
+9.0%
4 $479.9K$495.8K
+3.3%
5+ $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
+16.0%
Byron Township
+10.8%
Wyoming
+9.2%
Byron Center
+9.1%
Gaines Charter Township
+6.8%

Housing Supply in Byron Center, MI

How many homes are available in Byron Center, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7973-7.6%

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

# BEDSJan 2024Feb 2024CHANGE
1 21
-50.0%
2 129
-25.0%
3 2927
-6.9%
4 2930
+3.4%
5+ 76
-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 2024Feb 2024CHANGE
1920+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Byron Center, you could pay more than the asking price. 45% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
31 Days50 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Byron Center are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Byron Center, MI

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