The prices in real estate in Geneva, in the Illinois region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Geneva has remained the same in the last 6 months. In April, the average price per sq.feet was $200. In the following month the price per sq.feet increased considerably to $243. The price for the following two months in (June, July) decreased 85 % with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $205.25 to $180 during August, and September.
Based upon to the price in Geneva (cities), these have remained the same in the last 6 months. The average price during our first sample month during April, is $516,800. During May the price went through a considerable rise reaching $706,098. During the following two months (June, July) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $558,786.25 to $415,971, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $419,285 they are 31 % more affordable than the average price for Geneva. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $370,022.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $164 / sq.feet, with an average $190 / sq.feet price in Geneva. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $196 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $419,285 it is 38 % cheaper than the average price in Geneva. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $349,327 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $60 / sq.feet followed by "Duplex" priced at $102 / sq.feet. "House" is the cheapest type of property with a $189 / sq.feet value followed by "Townhouse" with an average price of $171 / sq.feet.