Property prices for sale in Richmond (Michigan)

The prices in real estate in Richmond, 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.

$164,244.25
Average price last 6 months
$117.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Richmond has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $134. In May this price pretty much remained the same at a value of $134 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 151 % 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 $67 to $101 during August, and September.

Average price

Based upon to the price in Richmond (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $179,765. In May This price remains at $179,765. During the following two months (June, July) the average price had a considerable reduction of 0 % 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 165 % during the last two months.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 35 % more costly than the average price of $179,405 in Richmond. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 35 % more expensive than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 28 % more costly than the average price of ($132 / sq.feet) in Richmond. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 28 % more costly than the average value aforementioned.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $132,933 it is 34 % more expensive than the average price in Richmond. "House" is seen as the second dearest property type. The dearest property type is "Farm" followed by "House". At a price of $179,405 it is 52 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $90 / sq.feet followed by "Condo" priced at $128 / sq.feet. "House" is the most costly type of property with a $132 / sq.feet cost followed by "Condo" with an average price of $128 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Richmond
Number of properties used in region Michigan
$132,933
$103
78
139,802
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value