Property prices for sale in Farmington (Michigan)

The prices in real estate in Farmington, 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.

$370,805.33
Average price last 6 months
$191.67
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Farmington has remained the same in the last 6 months. In January, the average price per sq.feet was $194. In February this price pretty much remained the same at a value of $185 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $189.5 to $186.5 per sq.feet. 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 $188 to $199 during May, and June.

Average price

Based upon to the price in Farmington (cities), this has gone downing the last 6 months. The average price for January is $410,333. During February the price had a slight fall till $372,758. During the following two months (March, April) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $379,803.75 to $352,808.5 in May and June.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $362,074 they are 61 % more affordable than the average price for Farmington. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $347,887.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $184 / sq.feet, with an average $196 / sq.feet price in Farmington. The properties with the highest average prices have 3 bedrooms. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $197 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $362,074 it is 50 % cheaper than the average price in Farmington. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $389,435 it is 205 % 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 $44 / sq.feet followed by "House" priced at $189 / sq.feet. "Townhouse" is the most costly type of property with a $411,262 / sq.feet cost followed by "Condo" with an average price of $196 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Farmington
Number of properties used in region Michigan
$362,074
$196
1,944
407,668
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value