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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Byron is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Byron has remained a Seller's Market.

Key Takeaway

Byron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Byron, IL

How much do homes in Byron, IL cost?

Median Sold Price

$283,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$53,000(+23.0%)

Key Takeaway

Homes in Byron have sold for 23% more than they did a year ago.

Summary: The median home sold price in Byron was $283,000 in November 2024, up 23% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$125K
N/A
2 $155K$142.4K
-8.1%
3 $230K$283K
+23.0%
4 $256.5K$297.4K
+16.0%
5+ $255K$445K
+74.5%

Summary: Byron housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 74.5%.

Median Sold Price Compared To Nearby Cities

Byron
+23.0%
Byron Township
+20.5%
Marion Township
+14.7%

Housing Supply in Byron, IL

How many homes are available in Byron, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2013-35.0%

Summary: The Byron real estate market had 13 homes for sale in November 2024, a 35.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 106
-40.0%
4 85
-37.5%
5+ 00
0.0%

Summary: The Byron housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Byron, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Byron in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for Byron, IL

How long does it take to sell a home in Byron, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days55 Days+1187.7%

Summary: Homes in Byron had an average of 55 days on market in Nov 2024, up by 1187.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Byron; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Byron, IL

Nearby Markets to Byron, IL