The prices in real estate in Menominee, 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 Menominee has increased strongly during the last 6 months. In October, the average price per sq.feet was $126. In the following month the price per sq.feet decreased to $119. The price for the following two months in (December, January) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 317 % 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 $114.75 to $363.5 during February, and March.
Based upon to the price in Menominee (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $203,645. In November This price remains at $206,999. In the following two months the average price has remained the same with regard to the previous two months from $205,322 to $214,614. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $209,968 and $207,893.5 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 35 % cheaper than the average price of $129,510 in Menominee. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 10 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 29 % more costly than the average price of ($155 / sq.feet) in Menominee. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 37 % more costly than the average value aforementioned.