Property prices for sale in Oakland (Michigan)

The prices in real estate in Oakland, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$471,584.5
Average price last 6 months
$162.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Oakland has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $140. In May this price pretty much remained the same at a value of $140 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 264 % 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 $70 to $185 during August, and September.

Average price

Based upon to the price in Oakland (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $285,816. In May This price remains at $285,816. During the following two months (June, July) the average price had a considerable reduction of 0 % 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 460 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $565,358 they are 69 % more affordable than the average price for Oakland. The properties with the lowest average price have 4 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 1 bedroom priced at $395,657.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $130 / sq.feet, with an average $172 / sq.feet price in Oakland. The properties with the lowest average prices have 1 bedroom. They are 16 % cheaper than the average followed by properties with 3 bedrooms with a price at $139 / sq.feet.

Price per property type

With regard to the average price based upon the property in Oakland we can see that the cheapest property type is "Apartment" at a price of $395,261, they are 30 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 30 % more affordable than the average price aforementioned.

According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $144 / sq.feet. "Apartment" with an average cost of $144 / sq.feet has the lowest price and would be directed at less affluent cities.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Oakland
Number of properties used in region Michigan
$565,358
$172
300
139,802
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value