Is Byron, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Byron was a Seller's Market.
Housing Prices in Byron, MN
How much do homes in Byron, MN cost?
Median Sold Price
$379,200
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Byron was $379,200 in February 2024, up 1.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $294.9K | $275K | -6.8% |
3 Bedrooms | $315.8K | $329.9K | +4.4% |
4 Bedrooms | $415.2K | $400.5K | -3.5% |
5+ Bedrooms | $458K | $593K | +29.5% |
Summary: Byron 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 6.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 29.5%.
Housing Supply in Byron, MN
How many homes are available in Byron, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 47 | +20.5% |
Summary: The Byron real estate market had 47 homes for sale in February 2024, a 20.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Byron housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Byron in February 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Byron, MN
How long does it take to sell a home in Byron, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
74 Days | 84 Days | +13.1% |
Summary: Homes in Byron had an average of 84 days on market in Feb 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Byron; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.