Property prices for sale in Southgate (Michigan)

The prices in real estate in Southgate, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$231,743.5
Average price last 6 months
$172
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Southgate has increased during the last 6 months. In September, the average price per sq.feet was $160. In October this price pretty much remained the same at a value of $163 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $161.5 to $174 per sq.feet. The price per sq.feet has increased 108 % 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 $167.75 to $180.5 during January, and February.

Average price

Based upon to the price in Southgate (cities), this has gone up in the last 6 months. The average price for September is $210,079. During October the price had a slight fall till $192,405. During the following two months (November, December) the average price had a considerable increase of 118 % 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 117 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $259,689 they are 61 % more affordable than the average price for Southgate. The properties with the highest average price have 4 bedrooms, Their price is 73 % more costly than the average. After that we have properties with 2 bedrooms priced at $172,518.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $187 / sq.feet price in Southgate. The properties with the highest average prices have 3 bedrooms. They are 28 % more expensive than the average followed by properties with 4 bedrooms with a price at $180 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $259,689 it is 70 % cheaper than the average price in Southgate. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $144,033 it is 16 % 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 $48 / sq.feet followed by "Apartment" priced at $125 / sq.feet. "Office" is the most costly type of property with a $967 / sq.feet cost followed by "Townhouse" with an average price of $213 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Southgate
Number of properties used in region Michigan
$259,689
$187
906
531,356
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value