Property prices for sale in Gurnee (Illinois)
The prices in real estate in Gurnee, 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 Gurnee has increased strongly during the last 6 months. In October, the average price per sq.feet was $162. In November this price pretty much remained the same at a value of $162 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $162 to $166.5 per sq.feet. The price per sq.feet has had a considerable increase of 2578 % 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 $164.25 to $4,234.5 during February, and March.
Based upon to the price in Gurnee (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $344,578. In November This price remains at $329,307. In the following two months the average price has remained the same with regard to the previous two months from $336,942.5 to $326,317.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $389,166 they are 68 % more affordable than the average price for Gurnee. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $276,522.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $142 / sq.feet, with an average $6,329 / sq.feet price in Gurnee. The properties with the lowest average prices have 3 bedrooms. They are 97 % cheaper than the average followed by properties with 4 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $389,166 it is 48 % cheaper than the average price in Gurnee. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $387,750 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $29 / sq.feet followed by "Detached House" priced at $158 / sq.feet. "Condo" is the cheapest type of property with a $172 / sq.feet value followed by "Apartment" with an average price of $167 / sq.feet.
