The average price in the Texas region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in Texas has risen in the last 6 months. During November, the average price per sq.feet was $247. The following month (December) the price had a considerable deflation reaching $203 per sq.feet. The following two months (January, February) there has been a deflation of 86 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has increased 111 %. This has been obtained by comparing the price $209.5 for the first four months of the sample with regard to the previous 4 months and the price $231.5 per sq.feet for the last two months (March, April).
Based upon to the price in Texas (region), this has decreased in the last 6 months. November has an average price of $503,641. During December the price had a slight deflation till $443,281. The average price for the following two months (January, February) decreased 91 % compared to the prior two. During the last two months the price has risen 114 % compared to the previous average values going from $452,242.25 a $513,849 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 56 % more affordable than the average price in Texas followed by those with 2 with an average price of $339,514. The cheapest properties have 4 bedrooms. They are 5 % cheaper than the average followed by those properties with 3 bedrooms priced at $364,395.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $202 / sq.feet being $239 / sq.feet the average value within the Texas region. The properties with the most expensive average price are those with 1 bedroom. These are 33 % more costly than the average followed by those with 2 bedrooms with a price of $250 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $576,361 it is 24 % more affordable than the average in Texas. This is followed by "Townhouse" with a price of $443,870. The dearest property type is "Commercial" and is 6 % more expensive than the average, followed by "House" with a cost of $590,761.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $186 / sq.feet, followed by "House" with a price of $229 / sq.feet. "Land" with an average price of $4,350 / sq.feet is the most costly type of property followed by "Condo" at a price of $336 / sq.feet.