The prices in real estate in Algonquin, 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 Algonquin has increased strongly during the last 6 months. In October, the average price per sq.feet was $183. In November this price pretty much remained the same at a value of $189 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $186 to $184.5 per sq.feet. The price per sq.feet has had a considerable increase of 318 % 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 $185.25 to $589.5 during February, and March.
Based upon to the price in Algonquin (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $416,894. In November This price remains at $413,824. In the following two months the average price has remained the same with regard to the previous two months from $415,359 to $435,423. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $425,391 and $421,023.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $405,325 they are 51 % more affordable than the average price for Algonquin. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 2 bedrooms priced at $321,610.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $198 / sq.feet price in Algonquin. The properties with the lowest average prices have 1 bedroom. They are 2 % cheaper than the average followed by properties with 2 bedrooms with a price at $187 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $405,325 it is 40 % cheaper than the average price in Algonquin. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $420,147 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $146 / sq.feet followed by "Detached House" priced at $166 / sq.feet. "Condo" is the cheapest type of property with a $186 / sq.feet value followed by "House" with an average price of $167 / sq.feet.