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 October, the average price per sq.feet was $806. In the following month the price per sq.feet decreased considerably to $357. The price for the following two months in (December, January) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable increase of 2679 % 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 $369 to $9,885 during February, and March.
Based upon to the price in Romulus (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $207,641. In November This price remains at $209,245. In the following two months the average price has remained the same with regard to the previous two months from $208,443 to $211,185.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $245,518 they are 51 % more affordable than the average price for Romulus. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $260,148.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $124 / sq.feet, with an average $8,205 / sq.feet price in Romulus. The properties with the lowest average prices have 3 bedrooms. They are 98 % cheaper than the average followed by properties with 2 bedrooms with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $245,518 it is 0 % more expensive than the average price in Romulus. "Condo" is seen as the second dearest property type. The dearest property type is "Land" followed by "Apartment". At a price of $309,623 it is 50 % 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 $151 / sq.feet followed by "House" priced at $153 / sq.feet. "Land" is the most costly type of property with a $56,696 / sq.feet cost followed by "Condo" with an average price of $198 / sq.feet.
