The prices in real estate in East Chicago, in the Indiana 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 East Chicago has increased during the last 6 months. In October, the average price per sq.feet was $60. In the following month the price per sq.feet increased to $64. The price for the following two months in (December, January) had a considerable increment of 115 %. 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 $66.75 to $64.5 during February y March
Based upon to the price in East Chicago (cities), this has gone up in the last 6 months. The price in October is $107,993, rising in November till $114,127. During the following two months (December, January) the price has had an average incrementation from $111,060 to $120,138.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $120,741 they are 32 % more affordable than the average price for East Chicago. The properties with the lowest average price have 2 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 1 bedroom priced at $81,638.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $32 / sq.feet, with an average $57 / sq.feet price in East Chicago. The properties with the highest average prices have 1 bedroom. They are 72 % more expensive than the average followed by properties with 2 bedrooms with a price at $32 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $120,741 it is 36 % cheaper than the average price in East Chicago. "Land" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Condo". At a price of $77,554 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $32 / sq.feet followed by "Condo" priced at $165 / sq.feet. "Condo" is the most costly type of property with a $165 / sq.feet cost followed by "Land" with an average price of $32 / sq.feet.