Property prices for sale in Romulus (Michigan)
The prices in real estate in Romulus, 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 Romulus has increased strongly during the last 6 months. In November, the average price per sq.feet was $357. In the following month the price per sq.feet decreased considerably to $157. The price for the following two months in (January, February) had a considerable increment of 2280 %. The price per sq.feet has had a considerable increase of 168 % 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 $3,058.75 to $5,137 during March, and April.
Based upon to the price in Romulus (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $209,245. In December This price remains at $210,799. In the following two months the average price has remained the same with regard to the previous two months from $210,022 to $211,816.5. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $233,942 they are 46 % more affordable than the average price for Romulus. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,206.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $138 / sq.feet, with an average $2,069 / sq.feet price in Romulus. The properties with the lowest average prices have 3 bedrooms. They are 91 % cheaper than the average followed by properties with 2 bedrooms with a price at $150 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $233,942 it is 2 % cheaper than the average price in Romulus. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $309,313 it is 110 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $150 / sq.feet followed by "House" priced at $161 / sq.feet. "Land" is the most costly type of property with a $70,296 / sq.feet cost followed by "Condo" with an average price of $197 / sq.feet.
