Property prices for sale in Detroit (Michigan)
The prices in real estate in Detroit, in the Michigan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Detroit has remained the same in the last 6 months. In November, the average price per sq.feet was $73. In the following month the price per sq.feet decreased to $69. The price for the following two months in (January, February) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable increase of 141 % 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 $63.5 to $89.5 during March, and April.
Based upon to the price in Detroit (cities), this has gone downing the last 6 months. The average price for November is $145,952. During December the price had a slight fall till $130,809. During the following two months (January, February) the average price fell 86 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $147,533 they are 14 % more affordable than the average price for Detroit. The properties with the highest average price have 2 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 1 bedroom priced at $170,051.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $96 / sq.feet, with an average $96 / sq.feet price in Detroit. The properties with the highest average prices have 1 bedroom. They are 103 % more expensive than the average followed by properties with 2 bedrooms with a price at $158 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $147,533 it is 72 % cheaper than the average price in Detroit. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Land". At a price of $160,056 it is 112 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $87 / sq.feet followed by "Duplex" priced at $117 / sq.feet. "Land" is the most costly type of property with a $130,063 / sq.feet cost followed by "Condo" with an average price of $236 / sq.feet.
