Byron Real Estate Market Update, May 2026
Buyers Active, Luxury Market Strong, and Well-Priced Homes Continue to Sell
The Byron real estate market remained active throughout May 2026, with 39 recorded sales ranging from condominium townhomes to luxury executive homes.
The average sale price reached approximately $887,215, while the median sale price came in at $705,000. The highest sale was $2,300,000, while the lowest sale was $320,000, demonstrating the wide variety of housing options available within one of London’s most desirable neighbourhoods.
Byron Market Snapshot
| Statistic | Result |
|---|---|
| Total Sales | 39 |
| Average Sale Price | $887,215 |
| Median Sale Price | $705,000 |
| Highest Sale | $2,300,000 |
| Lowest Sale | $320,000 |
| Average Days on Market | 40 |
| Median Days on Market | 23 |
| Average Sale-to-List Ratio | 98.6% |
| Homes Sold Over Asking | 8 |
| Homes Sold At Asking | 3 |
| Homes Sold Under Asking | 28 |
Where Are Buyers Spending Their Money?
The majority of Byron sales occurred between $500,000 and $1,000,000, which continues to be the neighbourhood’s strongest price range. However, luxury activity remained impressive, with multiple sales exceeding $1 million and several surpassing $1.5 million.
Detached Homes Continue to Lead the Market
Detached homes accounted for the majority of sales during May. This is not surprising given Byron’s popularity with families who are drawn to its excellent schools, parks, trails, Boler Mountain, and strong sense of community.
Are Homes Still Selling Over Asking?
While most homes sold slightly below asking price, eight properties sold over asking. The average sale-to-list ratio was approximately 98.6%, indicating that buyers remain active and motivated, but are generally more price-sensitive than during the peak market years.
How Quickly Are Homes Selling?
The median home sold in just 23 days, although some homes sold in as little as one or two days while others took several months to find a buyer. The data reinforces what we are seeing throughout the London market: homes that are priced correctly and show well continue to attract strong interest.
What Does This Mean for Byron Homeowners?
The Byron market remains healthy and balanced.
Buyers have more selection and negotiating power than they did a few years ago, but desirable properties continue to attract attention and sell successfully. For sellers, proper pricing, strong presentation, and strategic marketing remain the keys to achieving the best possible result.
Whether you’re thinking about buying, selling, or simply curious about the value of your home, understanding local market trends is an important first step.
If you would like a complimentary market evaluation or have questions about the Byron real estate market, feel free to reach out anytime.
Always a pleasure,
Scott Gunn
Broker of Record
The Gunn Real Estate Group
