The prices in real estate in Benton, in the Kentucky 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 Benton has increased strongly during the last 6 months. In October, the average price per sq.feet was $781. In the following month the price per sq.feet increased considerably to $936. The price for the following two months in (December, January) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has had a considerable increase of 137 % 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 $786.25 to $1,079 during February, and March.
Based upon to the price in Benton (cities), this has gone up considerably in the last 6 months. The price in October is $111,074, rising in November till $122,471. During the following two months (December, January) the price has had an average incrementation from $116,772.5 to $126,192. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 $160,678 they are 6 % more affordable than the average price for Benton. The properties with the highest average price have 4 bedrooms, Their price is 162 % more costly than the average. After that we have properties with 3 bedrooms priced at $311,592.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $279 / sq.feet, with an average $1,152 / sq.feet price in Benton. The properties with the highest average prices have 4 bedrooms. They are 37 % more expensive than the average followed by properties with 3 bedrooms with a price at $883 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $160,678 it is 80 % cheaper than the average price in Benton. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $326,769 it is 169 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $122 / sq.feet followed by "Detached House" priced at $169 / sq.feet. "Land" is the most costly type of property with a $7,606 / sq.feet cost followed by "House" with an average price of $1,573 / sq.feet.