The prices in real estate in Chicago, in the Illinois 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 Chicago has increased during the last 6 months. In August, the average price per sq.feet was $231. In September this price pretty much remained the same at a value of $230 per sq.feet. The price for the following two months in (October, November) had a considerable increment of 117 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $249.75 to $258 during December y January
Based upon to the price in Chicago (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $379,796. In September This price remains at $363,063. During the following two months (October, November) the average price had a considerable increase of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % 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 $559,275 they are 53 % more affordable than the average price for Chicago. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $621,962.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $272 / sq.feet, with an average $237 / sq.feet price in Chicago. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $295 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $559,275 it is 45 % cheaper than the average price in Chicago. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Commercial". At a price of $501,251 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $131 / sq.feet followed by "Apartment" priced at $154 / sq.feet. "Condo" is the most costly type of property with a $348 / sq.feet cost followed by "Detached House" with an average price of $262 / sq.feet.