The prices in real estate in Forest Park, in the Illinois 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 Forest Park has increased during the last 6 months. In September, the average price per sq.feet was $171. In October this price pretty much remained the same at a value of $174 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $172.5 to $170.5 per sq.feet. The price per sq.feet has increased 112 % 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 $171.5 to $191.5 during January, and February.
Based upon to the price in Forest Park (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is $247,160. In October This price remains at $258,212. In the following two months the average price has remained the same with regard to the previous two months from $252,686 to $251,225.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % 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 $313,978 they are 62 % more affordable than the average price for Forest Park. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at $339,808.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $149 / sq.feet, with an average $191 / sq.feet price in Forest Park. The properties with the highest average prices have 4 bedrooms. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at $199 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $313,978 it is 43 % cheaper than the average price in Forest Park. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $373,350 it is 906 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $148 / sq.feet followed by "Commercial" priced at $160 / sq.feet. "House" is the most costly type of property with a $226 / sq.feet cost followed by "Townhouse" with an average price of $165 / sq.feet.