The prices in real estate in Richmond, 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 Richmond has remained the same in the last 6 months. In April, the average price per sq.feet was $179. In the following month the price per sq.feet increased to $191. In the following two months the price per sq.feet has barely changed, going from $185 to $191 per sq.feet. The price per sq.feet has decreased 94 % 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 $188 to $176.5 during August, and September.
Based upon to the price in Richmond (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $342,754. In May This price remains at $338,516. During the following two months (June, July) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $374,536.5 to $332,675 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $317,325 they are 46 % more affordable than the average price for Richmond. The properties with the lowest average price have 1 bedroom, Their price is 10 % cheaper than the average. After that we have properties with 2 bedrooms priced at $172,693.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $41 / sq.feet, with an average $180 / sq.feet price in Richmond. The properties with the lowest average prices have 2 bedrooms. They are 48 % cheaper than the average followed by properties with 3 bedrooms with a price at $89 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $317,325 it is 46 % 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 $171,828 it is 39 % 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 $47 / sq.feet followed by "Condo" priced at $85 / sq.feet. "House" is the cheapest type of property with a $89 / sq.feet value followed by "Condo" with an average price of $85 / sq.feet.