The prices in real estate in Owosso, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Owosso has increased strongly during the last 6 months. In August, the average price per sq.feet was $78. In the following month the price per sq.feet increased considerably to $91. In the following two months the price per sq.feet has increased 111 %, going from $84.5 to $93.5 per sq.feet. The price per sq.feet has had a considerable increase of 129 % 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 $89 to $115 during December, and January.
Based upon to the price in Owosso (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $126,740. During September the price went through a considerable rise reaching $149,313. During the following two months (October, November) the average price had a considerable increase of 117 % 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 256 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $420,800 they are 74 % more affordable than the average price for Owosso. The properties with the lowest average price have 1 bedroom, Their price is 74 % cheaper than the average. After that we have properties with 3 bedrooms priced at $108,507.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $45 / sq.feet, with an average $124 / sq.feet price in Owosso. The properties with the lowest average prices have 1 bedroom. They are 60 % cheaper than the average followed by properties with 3 bedrooms with a price at $45 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $420,800 it is 74 % cheaper than the average price in Owosso. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Apartment". At a price of $108,507 it is 50 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $42 / sq.feet followed by "Apartment" priced at $45 / sq.feet. "Office" is the cheapest type of property with a $54 / sq.feet value followed by "Apartment" with an average price of $45 / sq.feet.