The rent prices in real estate in Buffalo Grove, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Buffalo Grove has had a strong fall during the last 6 months. In April, the average price per sq.feet was $13.72. In the following month the price per sq.feet rose to $14.92. In the following two months the price per sq.feet has practically remained the same, going from $14.32 to $13.74 per sq.feet. The price per sq.feet has had a considerable fall of 10 % 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 $14.03 to $1.39 during August, and September.
When referring to the price in Buffalo Grove (cities), there have hardly been any changes in the last 6 months. The average price for April is $2,081. During May the price had a slight fall till $1,849. In the following two months the average price has hardly changed with regard to the previous two months from $1,965 to $1,972. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,101 they are 50 % more affordable than the average price for Buffalo Grove . The properties with the highest average price have 3 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,069.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.88 / sq.feet, with an average $1.4 / sq.feet price in Buffalo Grove. The properties with the most expensive average prices have 1 bedroom. They are 1214 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,101 it is 54 % more affordable than the average price in Buffalo Grove. "" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Townhouse". At a price of $2,450 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.38 / sq.feet followed by "Condo" priced at $1.4 / sq.feet. "House" is the most expensive type of property with a $29.5 / sq.feet value followed by "Detached House" with an average price of $1.47 / sq.feet.