Property prices for sale in Albion (Michigan)

The prices in real estate in Albion, 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.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Albion has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $128. In the following month the price per sq.feet decreased considerably to $80. The price for the following two months in (January, February) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $94.25 to $85 during March, and April.

Average price

Based upon to the price in Albion (cities), this has fallen considerably in the last 6 months. The average price for November is $196,591. During December the price had a considerable reduction till $122,418. In the following two months the average price has remained the same with regard to the previous two months from $159,504.5 to $159,749. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $159,626.75 to $150,979.5 in March and April.

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 $120,183 they are 43 % more affordable than the average price for Albion. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 2 bedrooms priced at $70,657.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $18 / sq.feet, with an average $79 / sq.feet price in Albion. The properties with the highest average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 4 bedrooms with a price at $70 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $120,183 it is 42 % cheaper than the average price in Albion. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $70,302 it is 5 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $13 / sq.feet followed by "House" priced at $61 / sq.feet. "House" is the cheapest type of property with a $61 / sq.feet value followed by "Apartment" with an average price of $13 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Albion
Number of properties used in region Michigan
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value