Property prices for sale in Milan (Michigan)
The prices in real estate in Milan, 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 Milan has increased strongly during the last 6 months. In October, the average price per sq.feet was $192. In November this price pretty much remained the same at a value of $190 per sq.feet. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1450 % 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 $185.5 to $2,689 during February, and March.
Based upon to the price in Milan (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $321,118. In November This price remains at $317,182. During the following two months (December, January) the average price fell 91 % 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 risen strongly 128 % 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 $426,158 they are 58 % more affordable than the average price for Milan. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $276,240.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $70 / sq.feet, with an average $4,277 / sq.feet price in Milan. The properties with the lowest average prices have 3 bedrooms. They are 96 % cheaper than the average followed by properties with 4 bedrooms with a price at $176 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $426,158 it is 65 % cheaper than the average price in Milan. "Detached House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "". At a price of $207,023 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $38 / sq.feet followed by "Detached House" priced at $49 / sq.feet. "House" is the cheapest type of property with a $183 / sq.feet value followed by "Detached House" with an average price of $49 / sq.feet.
