Property prices for sale in Galena (Illinois)
The prices in real estate in Galena, in the Illinois 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 Galena has increased strongly during the last 6 months. In March, the average price per sq.feet was $446. In the following month the price per sq.feet increased considerably to $5,877. The price for the following two months in (May, June) had a considerable decrease of 31 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 67 % 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 $2,063.75 to $1,376 during July, and August.
Based upon to the price in Galena (cities), this has gone up considerably in the last 6 months. The price in March is $235,153, rising in April till $270,086. During the following two months (May, June) the average price had a considerable increase of 140 % with regard to the previous two months. 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 $310,130 they are 31 % more affordable than the average price for Galena. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $363,259.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $221 / sq.feet, with an average $1,135 / sq.feet price in Galena. The properties with the lowest average prices have 4 bedrooms. They are 0 % cheaper than the average followed by properties with 3 bedrooms with a price at $417 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $310,130 it is 85 % cheaper than the average price in Galena. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $236,743 it is 25 % 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 $231 / sq.feet followed by "House" priced at $745 / sq.feet. "Land" is the most costly type of property with a $17,326 / sq.feet cost followed by "House" with an average price of $745 / sq.feet.
