$2,969 Closing Credit*
$250,000
1,996 SqFt
3 Beds
•2 Full Baths
Listing Office: Kris Lindahl Real Estate
Is Byron, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$363,400
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,000(-4.0%)
Key Takeaway
Homes in Byron have sold for 4% less than they did a year ago.
Summary: The median home sold price in Byron was $363,400 in November 2024, down 4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.4K | $267.2K | -10.7% |
| 3 Bedrooms | $332.4K | $314.4K | -5.4% |
| 4 Bedrooms | $400.5K | $435.5K | +8.7% |
| 5+ Bedrooms | $593K | $572.5K | -3.5% |
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 10.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in Byron, MN
How many homes are available in Byron, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 62 | -3.1% |
Summary: The Byron real estate market had 62 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
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 decreased by 13.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Byron, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Byron in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 64 Days | -9.0% |
Summary: Homes in Byron had an average of 64 days on market in Nov 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Byron are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Byron; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
