The prices in real estate in Mount Morris, 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 Mount Morris has increased strongly during the last 6 months. In September, the average price per sq.feet was $41. In the following month the price per sq.feet increased considerably to $85. The price for the following two months in (November, December) had a considerable increment of 136 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $74.25 to $71.5 during January y February
Based upon to the price in Mount Morris (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $74,050. During October the price went through a considerable rise reaching $143,583. During the following two months (November, December) the price has had an average incrementation from $108,816.5 to $118,591.5. During the last two months the average price has had a strong fall compared to the previous four going from $113,704 to $92,037.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $97,525 they are 83 % more affordable than the average price for Mount Morris. The properties with the lowest average price have 1 bedroom, Their price is 25 % cheaper than the average. After that we have properties with 3 bedrooms priced at $16,342.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $27 / sq.feet, with an average $71 / sq.feet price in Mount Morris. The properties with the lowest average prices have 3 bedrooms. They are 28 % cheaper than the average followed by properties with 1 bedroom with a price at $27 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $97,525 it is 83 % cheaper than the average price in Mount Morris. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Apartment". At a price of $16,342 it is 26 % 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 $21 / sq.feet followed by "Apartment" priced at $51 / sq.feet. "Apartment" is the cheapest type of property with a $51 / sq.feet value followed by "Townhouse" with an average price of $21 / sq.feet.