The prices in real estate in Grove City, in the Ohio 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 Grove City has increased strongly during the last 6 months. In April, the average price per sq.feet was $126. In the following month the price per sq.feet increased considerably to $150. In the following two months the price per sq.feet has barely changed, going from $138 to $142 per sq.feet. The price per sq.feet has had a considerable increase of 424 % 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 $140 to $593 during August, and September.
Based upon to the price in Grove City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $254,166. During May the price went through a considerable rise reaching $335,215. During the following two months (June, July) the price has had an average incrementation from $294,690.5 to $318,543. During the last two months the average price has had a strong fall compared to the previous four going from $306,616.75 to $249,196, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $238,586 they are 3 % more expensive than the average price for Grove City. Following this ranking we find those properties with 1 at an average price of $254,000. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $270,369.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $64 / sq.feet, with an average $999 / sq.feet price in Grove City. The properties with the highest average prices have 4 bedrooms. They are 87 % more expensive than the average followed by properties with 2 bedrooms with a price at $169 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $238,586 it is 57 % cheaper than the average price in Grove City. "Condo" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Apartment". At a price of $267,543 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $83 / sq.feet followed by "Duplex" priced at $90 / sq.feet. "House" is the most costly type of property with a $1,296 / sq.feet cost followed by "Land" with an average price of $413 / sq.feet.