The prices in real estate in Chicago, in the Illinois region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Chicago has remained the same in the last 6 months. In December, the average price per sq.feet was $269. In January this price pretty much remained the same at a value of $257 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $263 to $265 per sq.feet. 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 $264 to $267 during April y May
Based upon to the price in Chicago (cities), these have remained the same in the last 6 months. The average price for December is $408,691. During January the price had a slight fall till $382,476. In the following two months the average price has remained the same with regard to the previous two months from $395,583.5 to $400,486.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $398,035 and $405,549 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $417,409 they are 39 % 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 $479,615.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $216 / sq.feet, with an average $264 / sq.feet price in Chicago. The properties with the highest average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $300 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $417,409 it is 11 % cheaper than the average price in Chicago. "Condo" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Townhouse". At a price of $578,878 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $218 / sq.feet followed by "Townhouse" priced at $253 / sq.feet. "Condo" is the most costly type of property with a $300 / sq.feet cost followed by "Duplex" with an average price of $259 / sq.feet.