The prices in real estate in Benton, in the Arkansas 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 Benton has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $1,336. In the following month the price per sq.feet increased considerably to $1,903. In the following two months the price per sq.feet has barely changed, going from $1,619.5 to $1,687 per sq.feet. The price per sq.feet has had a considerable deflation of 11 % 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 $1,653.25 to $187.5 during January, and February.
Based upon to the price in Benton (cities), this has gone up in the last 6 months. The price in September is $331,904, rising in October till $359,776. In the following two months the average price has remained the same with regard to the previous two months from $345,840 to $353,111. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $369,822 they are 66 % more affordable than the average price for Benton. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 1 bedroom priced at $424,150.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $103 / sq.feet, with an average $167 / sq.feet price in Benton. The properties with the lowest average prices have 4 bedrooms. They are 4 % cheaper than the average followed by properties with 3 bedrooms with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $369,822 it is 87 % cheaper than the average price in Benton. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $313,885 it is 29 % 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 $23 / sq.feet followed by "House" priced at $145 / sq.feet. "Detached House" is the most costly type of property with a $550 / sq.feet cost followed by "House" with an average price of $145 / sq.feet.