The prices in real estate in Box Elder, in the South 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 Box Elder has increased strongly during the last 6 months. In October, the average price per sq.feet was $224. In the following month the price per sq.feet increased considerably to $806. In the following two months the price per sq.feet has barely changed, going from $515 to $499.5 per sq.feet. The price per sq.feet has had a considerable increase of 327 % 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 $507.25 to $1,657 during February, and March.
Based upon to the price in Box Elder (cities), this has gone downing the last 6 months. The average price for October is $391,930. During November the price had a slight fall till $344,199. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $358,145.5 to $329,259.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $330,527 they are 33 % more affordable than the average price for Box Elder. The properties with the lowest average price have 1 bedroom, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at $224,154.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $97 / sq.feet, with an average $1,564 / sq.feet price in Box Elder. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 3 bedrooms with a price at $102 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $330,527 it is 33 % cheaper than the average price in Box Elder. "Farm" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "House". At a price of $223,033 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $84 / sq.feet followed by "House" priced at $97 / sq.feet. "House" is the cheapest type of property with a $97 / sq.feet value followed by "Farm" with an average price of $84 / sq.feet.