Property prices for sale in Fayetteville (Arkansas)
The prices in real estate in Fayetteville, in the Arkansas 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 Fayetteville has fallen in the last 6 months. In October, the average price per sq.feet was $1,153. In the following month the price per sq.feet decreased considerably to $945. The price for the following two months in (December, January) had a considerable increment of 131 %. The price per sq.feet has had a considerable deflation of 51 % 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 $1,211.25 to $622.5 during February, and March.
Based upon to the price in Fayetteville (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $478,652. In November This price remains at $481,446. In the following two months the average price has remained the same with regard to the previous two months from $480,049 to $499,714. 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 $489,881.5 and $507,500.5 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 $501,955 they are 39 % more affordable than the average price for Fayetteville. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $387,307.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $293 / sq.feet, with an average $925 / sq.feet price in Fayetteville. The properties with the highest average prices have 4 bedrooms. They are 147 % more expensive than the average followed by properties with 1 bedroom with a price at $435 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $501,955 it is 36 % cheaper than the average price in Fayetteville. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $507,847 it is 297 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $230 / sq.feet followed by "Condo" priced at $297 / sq.feet. "Land" is the most costly type of property with a $60,839 / sq.feet cost followed by "House" with an average price of $1,044 / sq.feet.
