Property prices for sale in Pontiac (Michigan)

The prices in real estate in Pontiac, 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.

$151,601.33
Average price last 6 months
$369.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Pontiac has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $694. In the following month the price per sq.feet decreased considerably to $584. The price for the following two months in (March, April) had a considerable decrease of 26 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 74 % 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 $404 to $299.5 during May, and June.

Average price

Based upon to the price in Pontiac (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $103,752. During February the price went through a considerable rise reaching $253,518. During the following two months (March, April) the average price had a considerable reduction of 84 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $164,036.5 to $126,731, which means a 77 % fall.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 11 % cheaper than the average price of $112,265 in Pontiac. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 11 % more affordable than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 144 % more costly than the average price of ($725 / sq.feet) in Pontiac. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 144 % more costly than the average value aforementioned.

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $126,562 it is 11 % cheaper than the average price in Pontiac. "Office" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Office". At a price of $158,859 it is 99 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $66 / sq.feet followed by "Duplex" priced at $579 / sq.feet. "Apartment" is the most costly type of property with a $725 / sq.feet cost followed by "Duplex" with an average price of $579 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Pontiac
Number of properties used in region Michigan
$126,562
$297
198
64,478
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value