The prices in real estate in Billings, in the Montana region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Billings has increased during the last 6 months. In November, the average price per sq.feet was $133. In December this price pretty much remained the same at a value of $136 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $134.5 to $139 per sq.feet. The price per sq.feet has increased 113 % 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 $136.75 to $155 during March, and April.
Based upon to the price in Billings (cities), this has gone up in the last 6 months. The price in November is $322,087, rising in December till $370,318. During the following two months (January, February) the average price fell 94 % 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 106 % 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 $407,356 they are 63 % more affordable than the average price for Billings. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at $279,193.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $139 / sq.feet, with an average $157 / sq.feet price in Billings. The properties with the highest average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $151 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $407,356 it is 65 % cheaper than the average price in Billings. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $389,554 it is 258 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $53 / sq.feet followed by "Duplex" priced at $129 / sq.feet. "Land" is the most costly type of property with a $47,850 / sq.feet cost followed by "Condo" with an average price of $296 / sq.feet.