The prices in real estate in Elyria, in the Ohio 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 Elyria has increased strongly during the last 6 months. In October, the average price per sq.feet was $263. In the following month the price per sq.feet increased considerably to $868. The price for the following two months in (December, January) had a considerable increment of 117 %. The price per sq.feet has had a considerable deflation of 14 % 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 $612.25 to $88 during February, and March.
Based upon to the price in Elyria (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $135,669. During November the price went through a considerable rise reaching $1,085,496. During the following two months (December, January) the average price had a considerable increase of 145 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $747,971.75 to $139,191.5, which means a 19 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $138,891 they are 64 % more affordable than the average price for Elyria. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 2 bedrooms priced at $140,688.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $55 / sq.feet, with an average $88 / sq.feet price in Elyria. The properties with the highest average prices have 4 bedrooms. They are 751 % more expensive than the average followed by properties with 2 bedrooms with a price at $78 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $138,891 it is 64 % cheaper than the average price in Elyria. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Farm". At a price of $107,009 it is 0 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $28 / sq.feet followed by "Farm" priced at $72 / sq.feet. "Apartment" is the most costly type of property with a $659 / sq.feet cost followed by "Condo" with an average price of $440 / sq.feet.