Property prices for sale in Elwood (Illinois)
The prices in real estate in Elwood, 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 Elwood has increased strongly during the last 6 months. In November, the average price per sq.feet was $6,877. In December this price pretty much remained the same at a value of $6,722 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 277 %. The price per sq.feet has had a considerable increase of 240 % 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 $12,807.5 to $30,784 during March, and April.
Based upon to the price in Elwood (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $388,287. In December This price remains at $372,306. During the following two months (January, February) the average price had a considerable increase of 137 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $450,329 to $394,189 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $341,119 they are 33 % more affordable than the average price for Elwood. The properties with the lowest average price have 1 bedroom, Their price is 33 % cheaper than the average. After that we have properties with 2 bedrooms priced at $227,530.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $64 / sq.feet, with an average $24,822 / sq.feet price in Elwood. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $64 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $341,119 it is 33 % cheaper than the average price in Elwood. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $227,530 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $64 / sq.feet followed by "Duplex" priced at $72 / sq.feet. "Duplex" is the cheapest type of property with a $72 / sq.feet value followed by "House" with an average price of $64 / sq.feet.
