The prices in real estate in Grand Rapids, 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 Grand Rapids has remained the same in the last 6 months. In September, the average price per sq.feet was $145. In October this price pretty much remained the same at a value of $140 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $142.5 to $148 per sq.feet. The price per sq.feet has increased 108 % 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 $145.25 to $156.5 during January, and February.
Based upon to the price in Grand Rapids (cities), these have remained the same in the last 6 months. The price in September is $257,474, rising in October till $280,934. During the following two months (November, December) the average price fell 92 % 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 gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $264,856 they are 18 % more affordable than the average price for Grand Rapids. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 2 bedrooms priced at $247,922.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $154 / sq.feet price in Grand Rapids. The properties with the highest average prices have 1 bedroom. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at $183 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $264,856 it is 37 % cheaper than the average price in Grand Rapids. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $346,352 it is 55 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $158 / sq.feet followed by "Duplex" priced at $159 / sq.feet. "Land" is the most costly type of property with a $908 / sq.feet cost followed by "Condo" with an average price of $241 / sq.feet.