Property prices for sale in Romeo (Michigan)
The prices in real estate in Romeo, 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 Romeo has remained the same in the last 6 months. In November, the average price per sq.feet was $213. In December this price pretty much remained the same at a value of $207 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $210 to $219 per sq.feet. The price per sq.feet has increased 106 % 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 $214.5 to $228 during March, and April.
Based upon to the price in Romeo (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $399,355. During December the price went through a considerable rise reaching $470,676. During the following two months (January, February) the average price had a considerable increase of 135 % with regard to the previous two months. 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 $511,830.75 and $535,348 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $539,377 they are 86 % more affordable than the average price for Romeo. The properties with the lowest average price have 4 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 3 bedrooms priced at $499,315.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $106 / sq.feet, with an average $236 / sq.feet price in Romeo. The properties with the lowest average prices have 3 bedrooms. They are 10 % cheaper than the average followed by properties with 4 bedrooms with a price at $188 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $539,377 it is 53 % cheaper than the average price in Romeo. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $298,251 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $100 / sq.feet followed by "House" priced at $182 / sq.feet. "Townhouse" is the most costly type of property with a $972 / sq.feet cost followed by "House" with an average price of $182 / sq.feet.
