Is Byron, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Byron is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Byron was a Seller's Market.

Key Takeaway

Byron is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$4,200(+1.1%)

Key Takeaway

Homes in Byron have sold for 1.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $294.9K$275K
-6.8%
3 $315.8K$329.9K
+4.4%
4 $415.2K$400.5K
-3.5%
5+ $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 2024Feb 2024CHANGE
3947+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 1614
-12.5%
4 1217
+41.7%
5+ 67
+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 2024Feb 2024CHANGE
56+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Byron, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
74 Days84 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Byron are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

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

Report Updated 27 Days Ago

Newest Listings in Byron, MN

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