The prices in real estate in Eaton Rapids, 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 Eaton Rapids has increased strongly during the last 6 months. In March, the average price per sq.feet was $73. In the following month the price per sq.feet increased to $80. The price for the following two months in (May, June) had a considerable increment of 140 %. The price per sq.feet has increased 106 % 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 $91.75 to $97.5 during July, and August.
Based upon to the price in Eaton Rapids (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $84,840. During April the price went through a considerable rise reaching $248,933. During the following two months (May, June) the price has had an average incrementation from $166,886.5 to $191,201.5. During the last two months the average price has had a strong fall compared to the previous four going from $179,044 to $151,827, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $151,257 they are 35 % more affordable than the average price for Eaton Rapids. The properties with the highest average price have 1 bedroom, Their price is 35 % more costly than the average. After that we have properties with 2 bedrooms priced at $203,720.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $36 / sq.feet, with an average $100 / sq.feet price in Eaton Rapids. The properties with the lowest average prices have 3 bedrooms. They are 49 % cheaper than the average followed by properties with 1 bedroom with a price at $49 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $151,257 it is 9 % cheaper than the average price in Eaton Rapids. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $200,075 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $26 / sq.feet followed by "House" priced at $34 / sq.feet. "Apartment" is the cheapest type of property with a $52 / sq.feet value followed by "House" with an average price of $34 / sq.feet.