The average price in the Michigan region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per sq.feet in Michigan has remained stagnant in the last 6 months. During June, the average price per sq.feet was $171. In July the price pretty much stayed the same at $176 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $173.5 to $172.5 per sq.feet. In the last two months, the price per sq.feet has decreased 94 %. This has been obtained by comparing the price $173 for the first four months of the sample with regard to the previous 4 months and the price $163 per sq.feet for the last two months (October, November).
Based upon to the price in Michigan(region), these have remained the same in the last 6 months. June has an average price of $314,807. During July the price had a slight deflation till $294,844. The average price for the following two months (August, September) increased from $304,825.5 to $324,860.5. During the last two months the average price has remained stagnant and has gone from $314,843 to $329,745 during October and November.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 46 % more affordable than the average price in Michigan followed by those with 2 with an average price of $203,409. The most costly properties have 4 bedrooms. They are 29 % more expensive than the average followed by those properties with 3 bedrooms priced at $300,959.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $167 / sq.feet being $178 / sq.feet the average value within the Michigan region. The properties with the most expensive average price are those with 1 bedroom. These are 25 % more costly than the average followed by those with 4 bedrooms with a price of $187 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $368,614 it is 39 % more affordable than the average in Michigan. This is followed by "Condo" with a price of $291,775. The dearest property type is "Townhouse" and is 14 % more expensive than the average, followed by "Commercial" with a cost of $408,779.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $142 / sq.feet, followed by "Apartment" with a price of $160 / sq.feet. "Townhouse" with an average price of $203 / sq.feet is the most costly type of property followed by "Condo" at a price of $197 / sq.feet.