Property prices for sale in Little Rock (Arkansas)
The prices in real estate in Little Rock, in the Arkansas 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 Little Rock has increased strongly during the last 6 months. In November, the average price per sq.feet was $287. In the following month the price per sq.feet increased to $324. The price for the following two months in (January, February) had a considerable increment of 352 %. The price per sq.feet has decreased 91 % 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 $691 to $631.5 during March, and April.
Based upon to the price in Little Rock (cities), these have remained the same in the last 6 months. The average price for November is $362,511. During December the price had a slight fall till $343,166. During the following two months (January, February) the price has had an average incrementation from $352,838.5 to $388,201.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $370,520 and $376,671.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $388,237 they are 43 % more affordable than the average price for Little Rock. 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 $312,837.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $398 / sq.feet price in Little Rock. The properties with the lowest average prices have 1 bedroom. They are 37 % cheaper than the average followed by properties with 4 bedrooms with a price at $166 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $388,237 it is 39 % cheaper than the average price in Little Rock. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $401,892 it is 110 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $52 / sq.feet followed by "House" priced at $155 / sq.feet. "Land" is the most costly type of property with a $27,168 / sq.feet cost followed by "Commercial" with an average price of $228 / sq.feet.
