The prices in real estate in East Lansing, 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 East Lansing has remained the same in the last 6 months. In September, the average price per sq.feet was $117. In the following month the price per sq.feet increased to $126. In the following two months the price per sq.feet has barely changed, going from $121.5 to $121.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $121.5 to $120.5 during January y February
Based upon to the price in East Lansing (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $236,418. In October This price remains at $240,722. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $229,317.5 and $225,904.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $233,863 they are 66 % more affordable than the average price for East Lansing. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $199,910.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $118 / sq.feet, with an average $121 / sq.feet price in East Lansing. The properties with the lowest average prices have 2 bedrooms. They are 1 % cheaper than the average followed by properties with 1 bedroom with a price at $119 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $233,863 it is 23 % cheaper than the average price in East Lansing. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Office". At a price of $271,954 it is 58 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $70 / sq.feet followed by "Townhouse" priced at $100 / sq.feet. "Condo" is the most costly type of property with a $265 / sq.feet cost followed by "House" with an average price of $119 / sq.feet.