View Byron, MN homes for sale with the experienced real estate expert Jake Huglen.
The Byron housing market remains highly competitive. Last month, the median home sale price in Byron was $295K, marking a 28.4% decrease compared to the previous year. Additionally, the median price per square foot fell to $162, reflecting a 12.9% decline year-over-year.
Median Sale Price
Median Sale Price per Sq. Ft.
# of Homes Sold
Median Days on The Market
In November 2024, home prices in Byron experienced a notable decrease, with the median sale price dropping by 28.4% year-over-year to $295K. This decline may indicate a shift in buyer demand or market conditions. Homes in Byron sold more quickly this year, averaging just 30 days on the market compared to 42 days last year, suggesting that well-priced properties are still attracting interest despite the price dip. However, overall sales activity has slowed, with only 5 homes sold in November 2024, down from 9 during the same period last year, highlighting a potential cooling in the local housing market.
The Byron housing market remains highly competitive, with homes typically selling within just 18 days. Many properties attract multiple offers, often with waived contingencies to secure a deal. On average, homes sell for about 1% below their list price and go under contract in approximately 18 days. However, highly sought-after "hot homes" can sell for about 1% above the list price and go pending in as little as 10 days, underscoring the strong demand in the area.
In November 2024, Byron, MN, was identified as a buyer's market. This indicates that the supply of homes exceeded the demand, giving buyers more negotiating power and greater options when selecting a property. This market condition may also contribute to longer listing times and potentially lower prices, making it an opportune time for those looking to purchase a home in the area.
Whether you have questions about the Byron housing market or you're ready to explore available properties, Jake is here to guide you every step of the way. With expert knowledge of the local market and a commitment to finding the perfect fit for your needs, Jake can help make your property goals a reality. Don’t wait—reach out now and take the first step toward your new home in Byron!
Dive into our comprehensive Byron, MN neighborhood guide and uncover everything this charming area has to offer. From the latest real estate trends to local hotspots and community insights, our guide is your go-to resource for exploring Byron. Start browsing now and see why so many people are proud to call Byron home!
I'm a full-time third generation Real Estate Agent operating out of the Rochester Coldwell Banker Realty with my wife Jessica Huglen, father Tim Huglen, and brother Josh Huglen. We strive to always act in our clients' best interests above everything else, and act with integrity in everything we do. Our core values include building trust, providing education, and delivering consistent communication throughout the real estate transaction.