The prices in real estate in East Saint Louis, in the Illinois region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in East Saint Louis has fallen in the last 6 months. In November, the average price per sq.feet was $514. In December this price pretty much remained the same at a value of $514 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $514 to $531.5 per sq.feet. The price per sq.feet has had a considerable deflation of 64 % 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 $522.75 to $332.5 during March, and April.
Based upon to the price in East Saint Louis (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $56,592. In December This price remains at $56,592. During the following two months (January, February) the price has had an average incrementation from $56,592 to $60,271.5. During the last two months the average price has had a strong fall compared to the previous four going from $58,431.75 to $46,673.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $64,500 they are 12 % more affordable than the average price for East Saint Louis. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 1 bedroom priced at $56,535.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $513 / sq.feet, with an average $639 / sq.feet price in East Saint Louis. The properties with the lowest average prices have 4 bedrooms. They are 10 % cheaper than the average followed by properties with 1 bedroom with a price at $513 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $64,500 it is 47 % cheaper than the average price in East Saint Louis. "House" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $58,416 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $72 / sq.feet followed by "House" priced at $483 / sq.feet. "Land" is the cheapest type of property with a $574 / sq.feet value followed by "House" with an average price of $483 / sq.feet.