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 $112. In March this price pretty much remained the same at a value of $108 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 211 %. The price per sq.feet has had a considerable increase of 268 % 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 $171.25 to $459.5 during June, and July.
Based upon to the price in Muskegon (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $235,665. In March This price remains at $245,777. During the following two months (April, May) the average price had a considerable reduction of 79 % 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 $215,079 to $149,284, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $154,897 they are 11 % more expensive than the average price for Muskegon. Following this ranking we find those properties with 1 at an average price of $236,572. The properties with the highest average price have 1 bedroom, Their price is 53 % more costly than the average. After that we have properties with 4 bedrooms priced at $172,630.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $142 / sq.feet, with an average $610 / sq.feet price in Muskegon. The properties with the lowest average prices have 4 bedrooms. They are 31 % cheaper than the average followed by properties with 1 bedroom with a price at $142 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $154,897 it is 46 % more expensive than the average price in Muskegon. "Condo" is seen as the second dearest property type. The dearest property type is "Condo" followed by "House". At a price of $225,810 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $107 / sq.feet followed by "Condo" priced at $137 / sq.feet. "Condo" is the cheapest type of property with a $137 / sq.feet value followed by "House" with an average price of $107 / sq.feet.