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 October, the average price per sq.feet was $45. In the following month the price per sq.feet increased considerably to $63. The price for the following two months in (December, January) had a considerable increment of 143 %. The price per sq.feet has decreased 86 % 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 $65.5 to $56.5 during February, and March.
Based upon to the price in Eaton Rapids (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $85,540. During November the price went through a considerable rise reaching $98,940. During the following two months (December, January) the average price fell 88 % 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 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $84,840 they are 17 % more expensive than the average price for Eaton Rapids. Following this ranking we find those properties with 4 at an average price of $203,108. The properties with the highest average price have 1 bedroom, Their price is 141 % more costly than the average. After that we have properties with 4 bedrooms priced at $203,108.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $41 / sq.feet, with an average $73 / sq.feet price in Eaton Rapids. The properties with the lowest average prices have 3 bedrooms. They are 23 % 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 costly one. At an cost of $84,840 it is 64 % more expensive than the average price in Eaton Rapids. "Farm" is seen as the second dearest property type. The dearest property type is "House" followed by "Farm". At a price of $201,081 it is 139 % 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 $31 / sq.feet followed by "House" priced at $39 / sq.feet. "Apartment" is the cheapest type of property with a $57 / sq.feet value followed by "House" with an average price of $39 / sq.feet.