Is Byron Center, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$429,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Byron Center have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Byron Center was $429,500 in May 2024, up 3.1% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.5K | $424.9K | +41.9% |
| 2 Bedrooms | $291.7K | $299.9K | +2.8% |
| 3 Bedrooms | $350K | $370.9K | +6.0% |
| 4 Bedrooms | $474.9K | $512.5K | +7.9% |
| 5+ Bedrooms | $584.8K | $610.1K | +4.3% |
Summary: Byron Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Byron Township | $366.2K | $410K | +11.9% |
| Wyoming | $235K | $260K | +10.6% |
| Dorr Township | $310K | $332.9K | +7.4% |
| Gaines Charter Township | $339.5K | $360K | +6.0% |
| Byron Center | $416.5K | $429.5K | +3.1% |
Housing Supply in Byron Center, MI
How many homes are available in Byron Center, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 110 | +17.0% |
Summary: The Byron Center real estate market had 110 homes for sale in May 2024, a 17.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 15 | 23 | +53.3% |
Summary: The Byron Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 53.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 36 | +125.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Byron Center, you could pay more than the asking price. 36.1% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Byron Center in May 2024, up by 125.0% month-over-month. Of the 36 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 17 Days | -57.2% |
Summary: Homes in Byron Center had an average of 17 days on market in May 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Byron Center are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Byron Center; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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