The prices in real estate in Benton, in the Kentucky region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Benton has fallen in the last 6 months. In April, the average price per sq.feet was $662. In the following month the price per sq.feet increased to $750. The price for the following two months in (June, July) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 73 % 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 $656.75 to $482.5 during August, and September.
Based upon to the price in Benton (cities), these have remained the same in the last 6 months. The price in April is $124,206, rising in May till $137,551. During the following two months (June, July) the average price fell 89 % 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 gone up 107 % 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 $146,269 they are 39 % more affordable than the average price for Benton. The properties with the highest average price have 4 bedrooms, Their price is 176 % more costly than the average. After that we have properties with 3 bedrooms priced at $232,071.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $172 / sq.feet, with an average $469 / sq.feet price in Benton. The properties with the highest average prices have 4 bedrooms. They are 293 % more expensive than the average followed by properties with 3 bedrooms with a price at $870 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $146,269 it is 73 % cheaper than the average price in Benton. "Farm" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $191,605 it is 158 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $89 / sq.feet followed by "Land" priced at $278 / sq.feet. "Commercial" is the most costly type of property with a $1,368 / sq.feet cost followed by "House" with an average price of $558 / sq.feet.