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 March, the average price per sq.feet was $125. In the following month the price per sq.feet increased to $133. In the following two months the price per sq.feet has barely changed, going from $129 to $123.5 per sq.feet. The price per sq.feet has decreased 91 % 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 $126.25 to $115.5 during July, and August.
Based upon to the price in East Lansing (cities), this has gone downing the last 6 months. The average price during our first sample month during March, is $274,550. During April the price went through a considerable rise reaching $350,665. During the following two months (May, June) the average price had a considerable reduction of 75 % 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 $273,551.5 to $203,045.5, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $190,376 they are 69 % more affordable than the average price for East Lansing. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $195,945.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $83 / sq.feet, with an average $111 / sq.feet price in East Lansing. The properties with the highest average prices have 3 bedrooms. They are 10 % more expensive than the average followed by properties with 4 bedrooms with a price at $117 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $190,376 it is 5 % 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 $273,595 it is 119 % 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 $76 / sq.feet followed by "Townhouse" priced at $106 / sq.feet. "Condo" is the most costly type of property with a $448 / sq.feet cost followed by "House" with an average price of $111 / sq.feet.