Property prices for sale in Ishpeming (Michigan)
The prices in real estate in Ishpeming, 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 Ishpeming has increased strongly during the last 6 months. In November, the average price per sq.feet was $204. In the following month the price per sq.feet decreased considerably to $134. The price for the following two months in (January, February) had a considerable increment of 489 %. The price per sq.feet has had a considerable increase of 151 % 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 $497.5 to $752.5 during March, and April.
Based upon to the price in Ishpeming (cities), this has gone up considerably in the last 6 months. The average price for November is $186,656. During December the price had a slight fall till $161,903. During the following two months (January, February) the average price had a considerable increase of 134 % 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 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $221,402 they are 38 % more affordable than the average price for Ishpeming. The properties with the highest average price have 4 bedrooms, Their price is 205 % more costly than the average. After that we have properties with 3 bedrooms priced at $345,132.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $106 / sq.feet, with an average $179 / sq.feet price in Ishpeming. The properties with the highest average prices have 4 bedrooms. They are 41 % more expensive than the average followed by properties with 1 bedroom with a price at $249 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $221,402 it is 16 % cheaper than the average price in Ishpeming. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $234,922 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $115 / sq.feet followed by "House" priced at $161 / sq.feet. "Land" is the most costly type of property with a $24,507 / sq.feet cost followed by "House" with an average price of $161 / sq.feet.
