$5,047 Closing Credit*
$425,000
1,240 SqFt
3 Beds
•2 Full Baths, 1 Partial
Marcia Dillard, Listing Office: FIRST COMPANIES, INC.
Is Byron Center, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$452,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,600(+12.3%)
Key Takeaway
Homes in Byron Center have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Byron Center was $452,000 in October 2024, up 12.3% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319K | $424.9K | +33.2% |
| 2 Bedrooms | $271.7K | $315K | +15.9% |
| 3 Bedrooms | $355K | $400.5K | +12.8% |
| 4 Bedrooms | $479.9K | $500K | +4.2% |
| 5+ Bedrooms | $587.2K | $643.7K | +9.6% |
Summary: Byron Center housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Byron Center | $402.4K | $452K | +12.3% |
| Byron Township | $375.3K | $419.9K | +11.9% |
| Dorr Township | $322K | $345.7K | +7.4% |
| Wyoming | $250K | $264.7K | +5.9% |
| Gaines Charter Township | $357K | $364.3K | +2.1% |
Housing Supply in Byron Center, MI
How many homes are available in Byron Center, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 143 | 141 | -1.4% |
Summary: The Byron Center real estate market had 141 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 18 | 24 | +33.3% |
| 3 Bedrooms | 44 | 38 | -13.6% |
| 4 Bedrooms | 49 | 48 | -2.0% |
| 5+ Bedrooms | 30 | 28 | -6.7% |
Summary: The Byron Center housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Byron Center, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Byron Center in October 2024, down by 2.7% month-over-month. Of the 36 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +29.9% |
Summary: Homes in Byron Center had an average of 33 days on market in Oct 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Byron Center are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Byron Center; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
