Property prices for sale in Westerville (Ohio)
The prices in real estate in Westerville, in the Ohio region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Westerville has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $464. In the following month the price per sq.feet decreased considerably to $223. The price for the following two months in (January, February) had a considerable increment of 134 %. The price per sq.feet has had a considerable deflation of 51 % 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 $402.5 to $204 during March, and April.
Based upon to the price in Westerville (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $435,846. In December This price remains at $422,966. In the following two months the average price has remained the same with regard to the previous two months from $429,406 to $429,541. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $462,219 they are 51 % more affordable than the average price for Westerville. The properties with the lowest average price have 4 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 3 bedrooms priced at $326,644.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $196 / sq.feet price in Westerville. The properties with the lowest average prices have 1 bedroom. They are 5 % cheaper than the average followed by properties with 4 bedrooms with a price at $146 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $462,219 it is 52 % cheaper than the average price in Westerville. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Townhouse". At a price of $329,703 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $95 / sq.feet followed by "Townhouse" priced at $105 / sq.feet. "Apartment" is the most costly type of property with a $1,187 / sq.feet cost followed by "House" with an average price of $143 / sq.feet.
