The average price in the Michigan region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in Michigan has risen in the last 6 months. During September, the average price per sq.feet was $210. The following month the price decreased to $190 per sq.feet. The following two months (November, December) there has been a deflation of 86 % in the price per sq.feet with regard to the previous two. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of $185.75 to $183.5 during January and February.
Based upon to the price in Michigan(region), this has decreased considerably in the last 6 months. September has an average price of $352,631. During October the price had a slight deflation till $305,486. The average price for the following two months (November, December) decreased 86 % compared to the prior two. During the last two months the price has reduced 92 % compared to the previous average values going from $306,210.25 a $280,555 in January and February.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 39 % more affordable than the average price in Michigan followed by those with 2 with an average price of $228,139. The most costly properties have 4 bedrooms. They are 42 % more expensive than the average followed by those properties with 3 bedrooms priced at $257,611.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $169 / sq.feet being $205 / sq.feet the average value within the Michigan region. The properties with the most expensive average price are those with 1 bedroom. These are 14 % more costly than the average followed by those with 4 bedrooms with a price of $218 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $297,810 it is 65 % more affordable than the average in Michigan. This is followed by "Apartment" with a price of $286,646. The dearest property type is "Detached House" and is 162 % more expensive than the average, followed by "Commercial" with a cost of $343,769.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $120 / sq.feet, followed by "Apartment" with a price of $161 / sq.feet. "Land" with an average price of $1,083 / sq.feet is the most costly type of property followed by "Detached House" at a price of $259 / sq.feet.