Property prices for sale in Novi (Michigan)
The prices in real estate in Novi, in the Michigan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Novi has remained the same in the last 6 months. In October, the average price per sq.feet was $234. In the following month the price per sq.feet decreased to $222. In the following two months the price per sq.feet has barely changed, going from $228 to $233.5 per sq.feet. The price per sq.feet has increased 107 % 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 $230.75 to $248 during February, and March.
Based upon to the price in Novi (cities), this has gone up considerably in the last 6 months. The price in October is $465,738, rising in November till $498,360. During the following two months (December, January) the price has had an average incrementation from $482,049 to $525,308.5. 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 1 bedroom are the cheapest ones. At a price of $621,411 they are 82 % more affordable than the average price for Novi. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $398,596.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $213 / sq.feet, with an average $247 / sq.feet price in Novi. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 3 bedrooms with a price at $255 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $621,411 it is 57 % cheaper than the average price in Novi. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Commercial". At a price of $490,063 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $134 / sq.feet followed by "House" priced at $191 / sq.feet. "Condo" is the most costly type of property with a $272 / sq.feet cost followed by "Apartment" with an average price of $234 / sq.feet.
