Property prices for sale in Palos Park (Illinois)
The prices in real estate in Palos Park, in the Illinois 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 Palos Park has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,425. In the following month the price per sq.feet decreased considerably to $234. The price for the following two months in (December, January) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable increase of 2350 % 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 $525.25 to $12,345 during February, and March.
Based upon to the price in Palos Park (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $708,300. In November This price remains at $730,391. During the following two months (December, January) the average price fell 95 % 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 gone up 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $836,045 they are 82 % more affordable than the average price for Palos Park. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $466,948.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $164 / sq.feet, with an average $15,887 / sq.feet price in Palos Park. The properties with the lowest average prices have 2 bedrooms. They are 99 % cheaper than the average followed by properties with 4 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $836,045 it is 70 % cheaper than the average price in Palos Park. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $333,783 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $128 / sq.feet followed by "Townhouse" priced at $148 / sq.feet. "House" is the cheapest type of property with a $194 / sq.feet value followed by "Townhouse" with an average price of $148 / sq.feet.
