Property prices for sale in Melvindale (Michigan)
The prices in real estate in Melvindale, 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 Melvindale has increased strongly during the last 6 months. In October, the average price per sq.feet was $155. In November this price pretty much remained the same at a value of $150 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has had a considerable increase of 2727 % 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 $139.5 to $3,804 during February, and March.
Based upon to the price in Melvindale (cities), these have remained the same in the last 6 months. The average price for October is $179,838. During November the price had a slight fall till $170,842. In the following two months the average price has remained the same with regard to the previous two months from $175,340 to $166,888.5. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $192,320 they are 72 % more affordable than the average price for Melvindale. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $183,429.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $74 / sq.feet, with an average $167 / sq.feet price in Melvindale. The properties with the lowest average prices have 2 bedrooms. They are 20 % cheaper than the average followed by properties with 4 bedrooms with a price at $114 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $192,320 it is 69 % cheaper than the average price in Melvindale. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $59,126 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $7 / sq.feet followed by "Condo" priced at $8 / sq.feet. "House" is the cheapest type of property with a $111 / sq.feet value followed by "Condo" with an average price of $8 / sq.feet.
