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 May, the average price per sq.feet was $158. In the following month the price per sq.feet increased to $171. In the following two months the price per sq.feet has barely changed, going from $164.5 to $162 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 $163.25 to $163.5 during September y October
Based upon to the price in Otsego (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $363,576. In June This price remains at $366,515. In the following two months the average price has remained the same with regard to the previous two months from $365,045.5 to $358,838. 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 $361,941.75 and $359,637.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $366,682 they are 14 % more affordable than the average price for Otsego. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 2 bedrooms priced at $371,572.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $166 / sq.feet price in Otsego. The properties with the highest average prices have 2 bedrooms. They are 29 % more expensive than the average followed by properties with 3 bedrooms with a price at $156 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $366,682 it is 4 % cheaper than the average price in Otsego. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $350,443 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $150 / sq.feet followed by "House" priced at $153 / sq.feet. "House" is the cheapest type of property with a $153 / sq.feet value followed by "Commercial" with an average price of $150 / sq.feet.