Property prices for sale in Billings (Montana)
The prices in real estate in Billings, in the Montana 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 Billings has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,073. In the following month the price per sq.feet decreased considerably to $2,949. The price for the following two months in (January, February) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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 $3,237 to $1,882 during March, and April.
Based upon to the price in Billings (cities), these have remained the same in the last 6 months. The average price for November is $372,555. During December the price had a slight fall till $318,167. In the following two months the average price has remained the same with regard to the previous two months from $345,361 to $349,805. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % 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 $474,388 they are 35 % more affordable than the average price for Billings. 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 3 bedrooms priced at $464,376.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $199 / sq.feet, with an average $1,669 / sq.feet price in Billings. The properties with the lowest average prices have 3 bedrooms. They are 42 % cheaper than the average followed by properties with 4 bedrooms with a price at $770 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $474,388 it is 61 % cheaper than the average price in Billings. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $447,651 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $88 / sq.feet followed by "Townhouse" priced at $219 / sq.feet. "Land" is the most costly type of property with a $15,608 / sq.feet cost followed by "Commercial" with an average price of $10,960 / sq.feet.
