Property prices for sale in Hemphill (Texas)
The prices in real estate in Hemphill, in the Texas 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 Hemphill has increased strongly during the last 6 months. In November, the average price per sq.feet was $2,384. In the following month the price per sq.feet decreased considerably to $1,849. The price for the following two months in (January, February) had a considerable increment of 340 %. The price per sq.feet has had a considerable increase of 176 % 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 $4,657.25 to $8,177 during March, and April.
Based upon to the price in Hemphill (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $290,836. In December This price remains at $302,542. During the following two months (January, February) the average price had a considerable increase of 152 % 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 $373,343.75 to $277,906, 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 $306,981 they are 36 % more affordable than the average price for Hemphill. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at $345,452.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $166 / sq.feet, with an average $3,989 / sq.feet price in Hemphill. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 4 bedrooms with a price at $212 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $306,981 it is 63 % cheaper than the average price in Hemphill. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $365,412 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $184 / sq.feet followed by "Detached House" priced at $203 / sq.feet. "Land" is the most costly type of property with a $35,628 / sq.feet cost followed by "Detached House" with an average price of $203 / sq.feet.
