The prices in real estate in Muskegon, 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 Muskegon has increased strongly during the last 6 months. In February, the average price per sq.feet was $72. In the following month the price per sq.feet increased considerably to $105. The price for the following two months in (April, May) had a considerable increment of 126 %. The price per sq.feet has had a considerable increase of 129 % 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 $100 to $129 during June, and July.
Based upon to the price in Muskegon (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $115,000. During March the price went through a considerable rise reaching $222,227. During the following two months (April, May) the average price had a considerable increase of 134 % 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 125 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $231,766 they are 26 % more affordable than the average price for Muskegon. The properties with the highest average price have 1 bedroom, Their price is 2 % more costly than the average. After that we have properties with 4 bedrooms priced at $171,422.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $140 / sq.feet, with an average $124 / sq.feet price in Muskegon. The properties with the highest average prices have 4 bedrooms. They are 235 % more expensive than the average followed by properties with 1 bedroom with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $231,766 it is 3 % cheaper than the average price in Muskegon. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $233,743 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $100 / sq.feet followed by "Farm" priced at $125 / sq.feet. "Commercial" is the most costly type of property with a $130 / sq.feet cost followed by "Farm" with an average price of $125 / sq.feet.