The prices in real estate in Hattiesburg, in the Mississippi region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Hattiesburg has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $975. In the following month the price per sq.feet decreased considerably to $443. The price for the following two months in (December, January) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $612.5 to $481 during February, and March.
Based upon to the price in Hattiesburg (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $198,054. During November the price went through a considerable rise reaching $249,814. During the following two months (December, January) the average price had a considerable increase of 124 % 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 $291,997 they are 67 % more affordable than the average price for Hattiesburg. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $217,979.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $55 / sq.feet, with an average $495 / sq.feet price in Hattiesburg. The properties with the lowest average prices have 4 bedrooms. They are 65 % cheaper than the average followed by properties with 3 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $291,997 it is 71 % cheaper than the average price in Hattiesburg. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $194,115 it is 4 % 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 $30 / sq.feet followed by "Detached House" priced at $36 / sq.feet. "Apartment" is the most costly type of property with a $31,599 / sq.feet cost followed by "House" with an average price of $149 / sq.feet.