The prices in real estate in Okemos, in the Michigan region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Okemos has fallen in the last 6 months. In October, the average price per sq.feet was $161. In the following month the price per sq.feet decreased to $142. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has increased 110 % 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 $144.5 to $159 during February, and March.
Based upon to the price in Okemos (cities), this has gone downing the last 6 months. The average price for October is $539,419. During November the price had a slight fall till $480,530. During the following two months (December, January) the average price fell 87 % 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 gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $487,638 they are 79 % more affordable than the average price for Okemos. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 1 bedroom priced at $470,667.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $63 / sq.feet, with an average $161 / sq.feet price in Okemos. The properties with the highest average prices have 1 bedroom. They are 65 % more expensive than the average followed by properties with 4 bedrooms with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $487,638 it is 58 % cheaper than the average price in Okemos. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $342,962 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $142 / sq.feet followed by "Condo" priced at $143 / sq.feet. "Land" is the most costly type of property with a $205,217 / sq.feet cost followed by "House" with an average price of $159 / sq.feet.