The prices in real estate in Bismarck, in the North Dakota 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 Bismarck has increased strongly during the last 6 months. In September, the average price per sq.feet was $257. In the following month the price per sq.feet increased considerably to $449. The price for the following two months in (November, December) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 3140 % 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 $330.75 to $10,385.5 during January, and February.
Based upon to the price in Bismarck (cities), this has gone up in the last 6 months. The price in September is $323,773, rising in October till $344,512. During the following two months (November, December) the price has had an average incrementation from $334,142.5 to $364,460. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $349,301.25 to $325,978 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $369,616 they are 66 % more affordable than the average price for Bismarck. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 3 bedrooms priced at $232,424.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $97 / sq.feet, with an average $4,591 / sq.feet price in Bismarck. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 4 bedrooms with a price at $124 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $369,616 it is 72 % cheaper than the average price in Bismarck. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of $314,996 it is 20 % 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 $8 / sq.feet followed by "Apartment" priced at $134 / sq.feet. "Condo" is the cheapest type of property with a $228 / sq.feet value followed by "Detached House" with an average price of $180 / sq.feet.