Property prices for sale in Cedar Rapids (Iowa)
The prices in real estate in Cedar Rapids, in the Iowa region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Cedar Rapids has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $369. In the following month the price per sq.feet decreased considerably to $145. The price for the following two months in (December, January) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable increase of 128 % 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 $198.75 to $255 during February, and March.
Based upon to the price in Cedar Rapids (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $250,814. In November This price remains at $242,363. In the following two months the average price has remained the same with regard to the previous two months from $246,588.5 to $241,814.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % 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 $306,934 they are 66 % more affordable than the average price for Cedar Rapids. 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 $282,631.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $96 / sq.feet, with an average $351 / sq.feet price in Cedar Rapids. The properties with the lowest average prices have 2 bedrooms. They are 50 % cheaper than the average followed by properties with 3 bedrooms with a price at $157 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $306,934 it is 46 % cheaper than the average price in Cedar Rapids. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Detached House". At a price of $842,128 it is 181 % 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 $47 / sq.feet followed by "Apartment" priced at $128 / sq.feet. "Land" is the most costly type of property with a $351,726 / sq.feet cost followed by "Condo" with an average price of $178 / sq.feet.
