Property prices for sale in Madison (Wisconsin)
The prices in real estate in Madison, in the Wisconsin 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.
The price per sq.feet in Madison has increased during the last 6 months. In November, the average price per sq.feet was $268. In the following month the price per sq.feet decreased to $250. In the following two months the price per sq.feet has barely changed, going from $259 to $268.5 per sq.feet. The price per sq.feet has had a considerable increase of 118 % 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 $263.75 to $311 during March, and April.
Based upon to the price in Madison (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $473,583. In December This price remains at $471,040. In the following two months the average price has remained the same with regard to the previous two months from $472,311.5 to $487,345. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $479,828.25 to $444,610.5 in 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 $412,131 they are 16 % more affordable than the average price for Madison. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $415,557.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $244 / sq.feet, with an average $252 / sq.feet price in Madison. The properties with the highest average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $265 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $412,131 it is 26 % cheaper than the average price in Madison. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $555,114 it is 208 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $154 / sq.feet followed by "Commercial" priced at $182 / sq.feet. "Apartment" is the most costly type of property with a $321 / sq.feet cost followed by "Condo" with an average price of $272 / sq.feet.
