Property prices for sale in Faribault (Minnesota)
The prices in real estate in Faribault, in the Minnesota 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 Faribault has increased during the last 6 months. In October, the average price per sq.feet was $190. In the following month the price per sq.feet decreased to $180. In the following two months the price per sq.feet has barely changed, going from $185 to $182.5 per sq.feet. The price per sq.feet has had a considerable increase of 145 % 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 $183.75 to $266.5 during February, and March.
Based upon to the price in Faribault (cities), these have remained the same in the last 6 months. The price in October is $378,461, rising in November till $398,384. In the following two months the average price has remained the same with regard to the previous two months from $388,422.5 to $373,808.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $419,979 they are 58 % more affordable than the average price for Faribault. The properties with the highest average price have 4 bedrooms, Their price is 0 % more costly than the average. After that we have properties with 2 bedrooms priced at $298,330.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $81 / sq.feet, with an average $346 / sq.feet price in Faribault. The properties with the lowest average prices have 1 bedroom. They are 59 % cheaper than the average followed by properties with 4 bedrooms with a price at $103 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $419,979 it is 50 % cheaper than the average price in Faribault. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $300,151 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $36 / sq.feet followed by "Apartment" priced at $119 / sq.feet. "Townhouse" is the most costly type of property with a $642 / sq.feet cost followed by "House" with an average price of $125 / sq.feet.
