The prices in real estate in Otsego, 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 Otsego has remained the same in the last 6 months. In November, the average price per sq.feet was $155. In December this price pretty much remained the same at a value of $156 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $155.5 to $164 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $159.75 to $164.5 during March y April
Based upon to the price in Otsego (cities), these have remained the same in the last 6 months. The average price for November is $339,882. During December the price had a slight fall till $307,858. In the following two months the average price has remained the same with regard to the previous two months from $323,870 to $334,440.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $340,554 they are 32 % more affordable than the average price for Otsego. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $364,309.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $150 / sq.feet, with an average $164 / sq.feet price in Otsego. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $171 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $340,554 it is 64 % cheaper than the average price in Otsego. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $356,838 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $64 / sq.feet followed by "House" priced at $157 / sq.feet. "Land" is the most costly type of property with a $994 / sq.feet cost followed by "Condo" with an average price of $170 / sq.feet.