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 October, the average price per sq.feet was $120. In November this price pretty much remained the same at a value of $121 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $120.5 to $120 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 $120.25 to $123 during February y March
Based upon to the price in East Lansing (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $179,724. During November the price went through a considerable rise reaching $266,859. During the following two months (December, January) the average price had a considerable increase of 117 % 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 risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $274,550 they are 66 % more affordable than the average price for East Lansing. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $220,395.
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 $125 / sq.feet price in East Lansing. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at $123 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $274,550 it is 38 % cheaper than the average price in East Lansing. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Apartment". At a price of $187,051 it is 0 % 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 $81 / sq.feet followed by "Townhouse" priced at $111 / sq.feet. "House" is the cheapest type of property with a $125 / sq.feet value followed by "Condo" with an average price of $121 / sq.feet.