The prices in real estate in Biloxi, in the Mississippi 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 Biloxi has increased strongly during the last 6 months. In March, the average price per sq.feet was $1,109. In the following month the price per sq.feet decreased considerably to $877. The price for the following two months in (May, June) had a considerable increment of 145 %. The price per sq.feet has had a considerable increase of 124 % 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 $1,218 to $1,514.5 during July, and August.
Based upon to the price in Biloxi (cities), this has gone downing the last 6 months. The average price for March is $330,624. During April the price had a slight fall till $307,051. In the following two months the average price has remained the same with regard to the previous two months from $318,837.5 to $310,600. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $314,718.75 to $285,040 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $254,503 they are 14 % more affordable than the average price for Biloxi. The properties with the highest average price have 1 bedroom, Their price is 1 % more costly than the average. After that we have properties with 2 bedrooms priced at $219,263.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $100 / sq.feet, with an average $1,287 / sq.feet price in Biloxi. The properties with the lowest average prices have 1 bedroom. They are 91 % cheaper than the average followed by properties with 2 bedrooms with a price at $100 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $254,503 it is 48 % cheaper than the average price in Biloxi. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Office". At a price of $233,613 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $84 / sq.feet followed by "Townhouse" priced at $85 / sq.feet. "House" is the cheapest type of property with a $950 / sq.feet value followed by "Duplex" with an average price of $102 / sq.feet.