Property prices for sale in Chattanooga (Tennessee)
The prices in real estate in Chattanooga, in the Tennessee 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 Chattanooga has increased during the last 6 months. In October, the average price per sq.feet was $216. In November this price pretty much remained the same at a value of $219 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $217.5 to $222 per sq.feet. The price per sq.feet has increased 108 % 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 $219.75 to $237.5 during February, and March.
Based upon to the price in Chattanooga (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $409,842. In November This price remains at $427,809. In the following two months the average price has remained the same with regard to the previous two months from $418,825.5 to $422,927. 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 $470,370 they are 36 % more affordable than the average price for Chattanooga. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $455,470.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $218 / sq.feet, with an average $228 / sq.feet price in Chattanooga. The properties with the highest average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 2 bedrooms with a price at $254 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $470,370 it is 28 % cheaper than the average price in Chattanooga. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $481,072 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $70 / sq.feet followed by "House" priced at $231 / sq.feet. "Land" is the most costly type of property with a $121,005 / sq.feet cost followed by "Condo" with an average price of $331 / sq.feet.
