Property prices for sale in Lansing (Michigan)

The prices in real estate in Lansing, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$171,654.5
Average price last 6 months
$102
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Lansing has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $119. In October this price pretty much remained the same at a value of $116 per sq.feet. The price for the following two months in (November, December) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has decreased 89 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $106 to $94 during January, and February.

Average price

Based upon to the price in Lansing (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $180,500. In October This price remains at $178,164. In the following two months the average price has remained the same with regard to the previous two months from $179,332 to $173,534.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $176,433.25 to $162,097 in January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $168,818 they are 56 % more affordable than the average price for Lansing. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $161,541.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $91 / sq.feet, with an average $94 / sq.feet price in Lansing. The properties with the highest average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $96 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $168,818 it is 7 % cheaper than the average price in Lansing. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of $234,560 it is 427 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $86 / sq.feet followed by "House" priced at $91 / sq.feet. "Land" is the most costly type of property with a $77,771 / sq.feet cost followed by "Condo" with an average price of $95 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Lansing
Number of properties used in region Michigan
$168,818
$94
8,090
531,356
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value