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 November 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

$446,714

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,047(+11.2%)

Key Takeaway

Homes in Byron Center have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Byron Center was $446,714 in November 2024, up 11.2% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$424.9K
+51.7%
2 $271.7K$315K
+15.9%
3 $350K$404.8K
+15.7%
4 $481.4K$498.5K
+3.6%
5+ $589.6K$617.5K
+4.7%

Summary: Byron Center housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Byron Center
+11.2%
Byron Township
+10.7%
Dorr Township
+6.0%
Wyoming
+6.0%
Gaines Charter Township
+3.0%

Housing Supply in Byron Center, MI

How many homes are available in Byron Center, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
141115-18.4%

Summary: The Byron Center real estate market had 115 homes for sale in November 2024, a 18.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2519
-24.0%
3 3932
-17.9%
4 4837
-22.9%
5+ 2625
-3.8%

Summary: The Byron Center housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 24%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3929-25.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 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 may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Byron Center in November 2024, down by 25.6% month-over-month. Of the 29 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% 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

Nov 2023Nov 2024CHANGE
30 Days53 Days+75.1%

Summary: Homes in Byron Center had an average of 53 days on market in Nov 2024, up by 75.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 29 homes were sold in Byron Center; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 21 Days Ago

Newest Listings in Byron Center, MI

Nearby Markets to Byron Center, MI

What housing markets are near Byron Center, MI?