Property prices for sale in Richmond (Michigan)
The prices in real estate in Richmond, 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 Richmond has increased strongly during the last 6 months. In October, the average price per sq.feet was $350. In the following month the price per sq.feet increased considerably to $649. The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable increase of 578 % 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 $353.75 to $2,044.5 during February, and March.
Based upon to the price in Richmond (cities), this has gone up in the last 6 months. The price in October is $299,707, rising in November till $321,144. During the following two months (December, January) the price has had an average incrementation from $310,425.5 to $350,145.5. 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 $330,285.5 and $334,486.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $338,673 they are 50 % more affordable than the average price for Richmond. The properties with the lowest average price have 1 bedroom, Their price is 16 % cheaper than the average. After that we have properties with 2 bedrooms priced at $171,656.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $35 / sq.feet, with an average $2,071 / sq.feet price in Richmond. The properties with the lowest average prices have 2 bedrooms. They are 96 % cheaper than the average followed by properties with 3 bedrooms with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $338,673 it is 50 % cheaper than the average price in Richmond. "House" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "House". At a price of $170,797 it is 43 % 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 $41 / sq.feet followed by "Condo" priced at $79 / sq.feet. "House" is the cheapest type of property with a $83 / sq.feet value followed by "Condo" with an average price of $79 / sq.feet.
