Property prices for sale in Interlochen (Michigan)

The prices in real estate in Interlochen, 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.

$688,213
Average price last 6 months
$1,162.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Interlochen has increased strongly during the last 6 months. In September, the average price per sq.feet was $334. In the following month the price per sq.feet increased considerably to $702. In the following two months the price per sq.feet has increased 115 %, going from $518 to $595.5 per sq.feet. The price per sq.feet has had a considerable increase of 427 % 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 $556.75 to $2,375 during January, and February.

Average price

Based upon to the price in Interlochen (cities), this has fallen considerably in the last 6 months. The average price for September is $1,069,937. During October the price had a considerable reduction till $422,053. During the following two months (November, December) the average price fell 89 % 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 $704,000.75 to $656,637.5 in January and February.

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 $507,358 they are 67 % more affordable than the average price for Interlochen. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at $287,591.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $91 / sq.feet, with an average $4,422 / sq.feet price in Interlochen. The properties with the lowest average prices have 3 bedrooms. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $173 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $507,358 it is 76 % cheaper than the average price in Interlochen. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $121,228 it is 27 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $51 / sq.feet followed by "House" priced at $174 / sq.feet. "House" is the cheapest type of property with a $174 / sq.feet value followed by "Land" with an average price of $51 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Interlochen
Number of properties used in region Michigan
$507,358
$4,422
332
531,356
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value