The prices in real estate in Butte, in the Montana region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Butte has fallen in the last 6 months. In April, the average price per sq.feet was $112. In May this price pretty much remained the same at a value of $112 per sq.feet. The price for the following two months in (June, July) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $107.75 to $96.5 during August, and September.
Based upon to the price in Butte (cities), these have remained the same in the last 6 months. The price in April is $204,817, rising in May till $228,929. During the following two months (June, July) the average price fell 91 % 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 93 %, going from $207,135 to $192,887 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $190,664 they are 54 % more affordable than the average price for Butte. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $157,493.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $88 / sq.feet, with an average $92 / sq.feet price in Butte. The properties with the highest average prices have 3 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $94 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $190,664 it is 68 % cheaper than the average price in Butte. "House" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $148,844 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $32 / sq.feet followed by "House" priced at $84 / sq.feet. "Land" is the cheapest type of property with a $89 / sq.feet value followed by "House" with an average price of $84 / sq.feet.