The prices in real estate in Fairfield, in the Iowa 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 Fairfield has fallen in the last 6 months. In October, the average price per sq.feet was $158. In November this price pretty much remained the same at a value of $160 per sq.feet. The price for the following two months in (December, January) decreased 89 % with regard to the prior two months. The price per sq.feet has decreased 95 % 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 $150 to $142 during February, and March.
Based upon to the price in Fairfield (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $244,353. In November This price remains at $250,374. In the following two months the average price has remained the same with regard to the previous two months from $247,363.5 to $241,573.5. 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 $244,468.5 and $251,126.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $244,743 they are 71 % more affordable than the average price for Fairfield. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at $189,556.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $61 / sq.feet, with an average $148 / sq.feet price in Fairfield. The properties with the lowest average prices have 3 bedrooms. They are 7 % cheaper than the average followed by properties with 4 bedrooms with a price at $119 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $244,743 it is 53 % cheaper than the average price in Fairfield. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $198,357 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $56 / sq.feet followed by "Condo" priced at $130 / sq.feet. "House" is the cheapest type of property with a $136 / sq.feet value followed by "Condo" with an average price of $130 / sq.feet.