The prices in real estate in Hazel Park, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Hazel Park has increased during the last 6 months. In January, the average price per sq.feet was $116. In the following month the price per sq.feet decreased to $108. In the following two months the price per sq.feet has increased 110 %, going from $112 to $123.5 per sq.feet. The price per sq.feet has increased 111 % 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 $117.75 to $131 during May, and June.
Based upon to the price in Hazel Park (cities), these have remained the same in the last 6 months. The average price for January is $100,937. During February the price had a slight fall till $90,987. During the following two months (March, April) the price has had an average incrementation from $95,962 to $104,819. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $108,068 they are 59 % more expensive than the average price for Hazel Park. Following this ranking we find those properties with 1 at an average price of $172,513. The properties with the highest average price have 1 bedroom, Their price is 60 % more costly than the average. After that we have properties with 4 bedrooms priced at $171,478.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $39 / sq.feet, with an average $125 / sq.feet price in Hazel Park. The properties with the lowest average prices have 1 bedroom. They are 64 % cheaper than the average followed by properties with 4 bedrooms with a price at $39 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $108,068 it is 12 % cheaper than the average price in Hazel Park. "Farm" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Farm". At a price of $96,928 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $39 / sq.feet followed by "Farm" priced at $66 / sq.feet. "Duplex" is the cheapest type of property with a $68 / sq.feet value followed by "Farm" with an average price of $66 / sq.feet.