Property prices for sale in Chicago (Illinois)
The prices in real estate in Chicago, in the Illinois region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Chicago has increased strongly during the last 6 months. In March, the average price per sq.feet was $261. In the following month the price per sq.feet increased to $282. The price for the following two months in (May, June) had a considerable increment of 120 %. 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 $298.75 to $289.5 during July y August
Based upon to the price in Chicago (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $435,270. During April the price went through a considerable rise reaching $504,457. During the following two months (May, June) the average price had a considerable increase of 140 % with regard to the previous two months. 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 $564,659.25 and $537,089 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $482,125 they are 46 % more affordable than the average price for Chicago. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $502,987.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $262 / sq.feet price in Chicago. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $298 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $482,125 it is 42 % cheaper than the average price in Chicago. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $501,564 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $181 / sq.feet followed by "House" priced at $220 / sq.feet. "Apartment" is the most costly type of property with a $1,561 / sq.feet cost followed by "Condo" with an average price of $328 / sq.feet.
