Property prices for sale in Big Lake (Minnesota)

The prices in real estate in Big Lake, in the Minnesota 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.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Big Lake has increased strongly during the last 6 months. In July, the average price per sq.feet was $159. In August this price pretty much remained the same at a value of $160 per sq.feet. The price for the following two months in (September, October) had a considerable increment of 180 %. The price per sq.feet has had a considerable deflation of 66 % 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 $223 to $148 during November, and December.

Average price

Based upon to the price in Big Lake (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $303,056. In August This price remains at $306,261. During the following two months (September, October) the price has had an average incrementation from $304,658.5 to $325,308.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $314,983.5 to $273,193.5 in November and December.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $276,063 they are 21 % more affordable than the average price for Big Lake. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 3 bedrooms priced at $339,350.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $143 / sq.feet price in Big Lake. The properties with the highest average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 2 bedrooms with a price at $160 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $276,063 it is 18 % cheaper than the average price in Big Lake. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $255,163 it is 12 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $129 / sq.feet followed by "Condo" priced at $147 / sq.feet. "House" is the most costly type of property with a $158 / sq.feet cost followed by "Condo" with an average price of $147 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Big Lake
Number of properties used in region Minnesota
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value