The prices in real estate in Cedar Lake, in the Indiana region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Cedar Lake has increased during the last 6 months. In January, the average price per sq.feet was $147. In the following month the price per sq.feet increased to $156. In the following two months the price per sq.feet has increased 109 %, going from $151.5 to $164.5 per sq.feet. The price per sq.feet has increased 111 % 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 $158 to $176 during May, and June.
Based upon to the price in Cedar Lake (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $291,764. In February This price remains at $294,983. In the following two months the average price has remained the same with regard to the previous two months from $293,373.5 to $290,935.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $333,349 they are 39 % more affordable than the average price for Cedar Lake. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $290,034.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $179 / sq.feet price in Cedar Lake. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $333,349 it is 35 % cheaper than the average price in Cedar Lake. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $266,818 it is 14 % 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 $85 / sq.feet followed by "House" priced at $143 / sq.feet. "Townhouse" is the cheapest type of property with a $163 / sq.feet value followed by "Duplex" with an average price of $149 / sq.feet.