The prices in real estate in Akron, in the Ohio 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 Akron has increased strongly during the last 6 months. In January, the average price per sq.feet was $54. In the following month the price per sq.feet increased considerably to $68. The price for the following two months in (March, April) had a considerable increment of 125 %. The price per sq.feet has had a considerable increase of 164 % 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 $68.5 to $112 during May, and June.
Based upon to the price in Akron (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $74,918. During February the price went through a considerable rise reaching $114,274. During the following two months (March, April) the average price had a considerable increase of 144 % 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 risen strongly 346 % 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 $475,550 they are 90 % more affordable than the average price for Akron. The properties with the lowest average price have 4 bedrooms, Their price is 60 % cheaper than the average. After that we have properties with 3 bedrooms priced at $80,287.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $55 / sq.feet, with an average $112 / sq.feet price in Akron. The properties with the lowest average prices have 4 bedrooms. They are 34 % cheaper than the average followed by properties with 2 bedrooms with a price at $59 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $475,550 it is 82 % cheaper than the average price in Akron. "Detached House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $156,391 it is 64 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $23 / sq.feet followed by "Apartment" priced at $51 / sq.feet. "House" is the cheapest type of property with a $91 / sq.feet value followed by "Condo" with an average price of $72 / sq.feet.