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 Last Month

Last month, Byron was a Buyer'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

$269,000

$122/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$3,500(+1.3%)

Key Takeaway

Homes in Byron have sold for 1.3% more than they did a month ago.

Summary: The median home sold price in Byron was $269,000 in October 2024, up 1.3% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $216K$269K
+24.5%
4 $315K$262.5K
-16.7%
5+ --
N/A

Summary: Byron housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.

Housing Supply in Byron, IL

How many homes are available in Byron, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
19190.0%

Summary: The Byron real estate market had 19 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 99
0.0%
4 88
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were 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. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Byron in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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

Sep 2024Oct 2024CHANGE
4 Days38 Days+761.7%

Summary: Homes in Byron had an average of 38 days on market in Oct 2024, up by 761.7% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 9 homes were sold in Byron; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 16 Days Ago

Newest Listings in Byron, IL

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