Property prices for sale in Niles (Michigan)
The prices in real estate in Niles, 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 Niles has increased strongly during the last 6 months. In October, the average price per sq.feet was $135. In November this price pretty much remained the same at a value of $136 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $135.5 to $139 per sq.feet. The price per sq.feet has had a considerable increase of 399 % 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 $137.25 to $547 during February, and March.
Based upon to the price in Niles (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $222,474. In November This price remains at $220,363. In the following two months the average price has remained the same with regard to the previous two months from $221,418.5 to $224,724.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $223,071.5 and $231,713.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $245,467 they are 59 % more affordable than the average price for Niles. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $237,422.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $105 / sq.feet, with an average $944 / sq.feet price in Niles. The properties with the lowest average prices have 4 bedrooms. They are 86 % cheaper than the average followed by properties with 3 bedrooms with a price at $127 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $245,467 it is 31 % cheaper than the average price in Niles. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Detached House". At a price of $297,613 it is 30 % 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 $122 / sq.feet followed by "House" priced at $136 / sq.feet. "Land" is the most costly type of property with a $31,591 / sq.feet cost followed by "Condo" with an average price of $201 / sq.feet.
