Property prices for sale in Bourbonnais (Illinois)
The prices in real estate in Bourbonnais, in the Illinois 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 Bourbonnais has increased strongly during the last 6 months. In October, the average price per sq.feet was $164. In November this price pretty much remained the same at a value of $158 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $161 to $154.5 per sq.feet. The price per sq.feet has had a considerable increase of 326 % 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 $157.75 to $515 during February, and March.
Based upon to the price in Bourbonnais (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $323,720. In November This price remains at $325,505. In the following two months the average price has remained the same with regard to the previous two months from $324,612.5 to $318,119. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $321,365.75 and $307,237.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $307,269 they are 39 % more affordable than the average price for Bourbonnais. 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 $322,063.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $63 / sq.feet, with an average $175 / sq.feet price in Bourbonnais. The properties with the lowest average prices have 3 bedrooms. They are 5 % cheaper than the average followed by properties with 1 bedroom with a price at $143 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $307,269 it is 54 % cheaper than the average price in Bourbonnais. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of $218,531 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $27 / sq.feet followed by "Commercial Property" priced at $41 / sq.feet. "House" is the cheapest type of property with a $150 / sq.feet value followed by "Villa" with an average price of $53 / sq.feet.
