The prices in real estate in Bloomfield, in the Indiana 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 Bloomfield has increased strongly during the last 6 months. In October, the average price per sq.feet was $94. In November this price pretty much remained the same at a value of $92 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 198 %. 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 $138.75 to $92 during February, and March.
Based upon to the price in Bloomfield (cities), this has gone up considerably in the last 6 months. The average price for October is $180,657. During November the price had a slight fall till $168,259. During the following two months (December, January) the average price had a considerable increase of 193 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $255,163.5 to $173,614.5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $181,319 they are 43 % more affordable than the average price for Bloomfield. The properties with the highest average price have 3 bedrooms, Their price is 146 % more costly than the average. After that we have properties with 4 bedrooms priced at $236,599.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $75 / sq.feet, with an average $96 / sq.feet price in Bloomfield. The properties with the highest average prices have 3 bedrooms. They are 182 % more expensive than the average followed by properties with 2 bedrooms with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $181,319 it is 12 % cheaper than the average price in Bloomfield. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $159,552 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $55 / sq.feet followed by "House" priced at $87 / sq.feet. "House" is the cheapest type of property with a $87 / sq.feet value followed by "Commercial" with an average price of $55 / sq.feet.