$2,968 Closing Credit*
$249,900
1,493 SqFt
3 Beds
•2 Full Baths
Tracy Kehr, Judy Maike, Listing Office: Greenridge Town & Country Real
Is Bitely, MI 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, Bitely was a Buyer's Market.
Key Takeaway
Bitely is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bitely, MI
How much do homes in Bitely, MI cost?
Median Sold Price
$161,500
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+22.3%)
Key Takeaway
Homes in Bitely have sold for 22.3% more than they did a year ago.
Summary: The median home sold price in Bitely was $161,500 in November 2024, up 22.3% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $145K | +16.0% |
| 2 Bedrooms | $120K | $144.9K | +20.8% |
| 3 Bedrooms | $158K | $185K | +17.1% |
| 4 Bedrooms | $351.5K | $275K | -21.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Bitely housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bitely | $132K | $161.5K | +22.3% |
| Troy Township | $420K | $449.5K | +7.0% |
| Merrill Township | $145K | $155K | +6.9% |
| Lilley Township | $147.5K | $153K | +3.7% |
Housing Supply in Bitely, MI
How many homes are available in Bitely, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Bitely real estate market had 21 homes for sale in November 2024, a 8.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bitely housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bitely, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Bitely in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Bitely, MI
How long does it take to sell a home in Bitely, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 68 Days | +119.4% |
Summary: Homes in Bitely had an average of 68 days on market in Nov 2024, up by 119.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bitely are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Bitely; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
