Property prices for sale in Michigan City (Indiana)
The prices in real estate in Michigan City, in the Indiana 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 Michigan City has increased strongly during the last 6 months. In October, the average price per sq.feet was $204. In November this price pretty much remained the same at a value of $194 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 149 %. The price per sq.feet has had a considerable increase of 170 % 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 $247.5 to $421 during February, and March.
Based upon to the price in Michigan City (cities), this has fallen considerably in the last 6 months. The average price for October is $394,962. During November the price had a slight fall till $336,450. During the following two months (December, January) the average price had a considerable reduction of 85 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $338,149.75 to $242,575, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $242,742 they are 16 % more affordable than the average price for Michigan City. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 3 bedrooms priced at $260,833.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $157 / sq.feet, with an average $578 / sq.feet price in Michigan City. The properties with the lowest average prices have 3 bedrooms. They are 43 % cheaper than the average followed by properties with 1 bedroom with a price at $271 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $242,742 it is 46 % cheaper than the average price in Michigan City. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $507,967 it is 175 % 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 $126 / sq.feet followed by "Townhouse" priced at $230 / sq.feet. "Land" is the most costly type of property with a $8,514 / sq.feet cost followed by "House" with an average price of $578 / sq.feet.
