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.
In Byron, MN, homebuyers can find a wide variety of homes for sale, including single-family homes, townhomes, and newer construction properties. The town offers spacious ranch-style homes, split-level houses, and multi-story properties, many of which feature large yards, modern interiors, and energy-efficient appliances. There are also luxury homes and properties with rural acreage for those seeking more privacy and space. Byron's growing community ensures that there are options for first-time homebuyers as well as those looking to upgrade to a larger, more modern home.
The real estate market in Byron, MN, is currently a buyer's market as of November 2024, with a greater supply of homes than demand. Homes typically sell in about 18 days, and many receive multiple offers, sometimes with waived contingencies. While average homes sell for about 1% below the list price, hot properties can sell for 1% above the asking price and go pending in as little as 10 days. Despite the competitive nature of some transactions, the overall sales activity has slowed, with fewer homes sold compared to the previous year.
In November 2024, the median sale price for homes in Byron was $295,000, reflecting a 28.4% decrease compared to the previous year. The average price per square foot is $162, down 12.9% year-over-year, making this an attractive market for buyers looking for competitive pricing opportunities.
Byron has several desirable neighborhoods to consider, each offering unique benefits. Among these are Somerset Heights, Brook Lawn Estates, Downtown Byron, and Goldenwood Estates.
When buying a home in Byron, MN, consider factors such as proximity to local schools, parks, and amenities, as well as your commute to Rochester or other nearby areas. Research the condition of the home, especially if it’s an older property, and make sure to conduct a thorough home inspection. Byron’s community is growing, so it’s important to consider potential future developments that could impact property values. Property taxes and homeowners’ association (HOA) fees, if applicable, should also be taken into account during the buying process.
To find a reliable real estate agent in Byron, MN, you can start by exploring online platforms. Additionally, you may consider reaching out to Jake Huglen, a reputable real estate agent known for their proficiency in Byron market. You can contact him directly for personalized assistance and guidance in your real estate endeavors.
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!
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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.