The average price in the Michigan region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in Michigan has risen in the last 6 months. During October, the average price per sq.feet was $146. The following month the price decreased to $136 per sq.feet. The following two months (December, January) there has been a deflation of 93 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has increased 107 %. This has been obtained by comparing the price $135.75 for the first four months of the sample with regard to the previous 4 months and the price $145 per sq.feet for the last two months (February, March).
Based upon to the price in Michigan (region), this has decreased in the last 6 months. October has an average price of $289,343. During November the price had a slight deflation till $262,138. The average price for the following two months (December, January) decreased 85 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $255,662.5 to $258,884 during February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 49 % more affordable than the average price in Michigan followed by those with 2 with an average price of $156,956. The most costly properties have 4 bedrooms. They are 36 % more expensive than the average followed by those properties with 3 bedrooms priced at $209,127.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $125 / sq.feet being $156 / sq.feet the average value within the Michigan region. The properties with the most expensive average price are those with 1 bedroom. These are 22 % more costly than the average followed by those with 4 bedrooms with a price of $166 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $296,150 it is 65 % more affordable than the average in Michigan. This is followed by "House" with a price of $295,754. The dearest property type is "Commercial" and is 166 % more expensive than the average, followed by "Detached House" with a cost of $467,725.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $142 / sq.feet, followed by "Detached House" with a price of $159 / sq.feet. "Land" with an average price of $5,368 / sq.feet is the most costly type of property followed by "Condo" at a price of $256 / sq.feet.