Property prices for sale in Benton Harbor (Michigan)
The prices in real estate in Benton Harbor, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Benton Harbor has increased strongly during the last 6 months. In October, the average price per sq.feet was $132. In the following month the price per sq.feet increased to $141. The price for the following two months in (December, January) had a considerable increment of 191 %. The price per sq.feet has had a considerable increase of 443 % 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 $198.75 to $879.5 during February, and March.
Based upon to the price in Benton Harbor (cities), this has fallen considerably in the last 6 months. The average price for October is $228,798. During November the price had a slight fall till $212,610. During the following two months (December, January) the average price had a considerable reduction of 84 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $203,039.75 to $130,619, which means a 64 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $140,697 they are 44 % more affordable than the average price for Benton Harbor. The properties with the highest average price have 4 bedrooms, Their price is 127 % more costly than the average. After that we have properties with 3 bedrooms priced at $193,568.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $99 / sq.feet, with an average $1,168 / sq.feet price in Benton Harbor. The properties with the lowest average prices have 4 bedrooms. They are 37 % cheaper than the average followed by properties with 3 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $140,697 it is 53 % cheaper than the average price in Benton Harbor. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Commercial". At a price of $302,875 it is 267 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $56 / sq.feet followed by "Condo" priced at $382 / sq.feet. "Land" is the most costly type of property with a $10,103 / sq.feet cost followed by "Commercial" with an average price of $2,588 / sq.feet.
