Property prices for sale in Hibbing (Minnesota)
The prices in real estate in Hibbing, in the Minnesota 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 Hibbing has increased strongly during the last 6 months. In October, the average price per sq.feet was $106. In the following month the price per sq.feet increased considerably to $148. In the following two months the price per sq.feet has barely changed, going from $127 to $127.5 per sq.feet. The price per sq.feet has had a considerable increase of 671 % 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 $127.25 to $854 during February, and March.
Based upon to the price in Hibbing (cities), these have remained the same in the last 6 months. The average price for October is $176,952. During November the price had a slight fall till $166,673. During the following two months (December, January) the price has had an average incrementation from $171,812.5 to $188,010. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $179,911.25 to $167,649.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $176,145 they are 31 % more affordable than the average price for Hibbing. The properties with the highest average price have 3 bedrooms, Their price is 69 % more costly than the average. After that we have properties with 4 bedrooms priced at $255,378.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $92 / sq.feet, with an average $675 / sq.feet price in Hibbing. The properties with the lowest average prices have 3 bedrooms. They are 81 % cheaper than the average followed by properties with 1 bedroom with a price at $113 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $176,145 it is 64 % cheaper than the average price in Hibbing. "Duplex" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $189,811 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $29 / sq.feet followed by "House" priced at $104 / sq.feet. "Land" is the most costly type of property with a $18,239 / sq.feet cost followed by "Detached House" with an average price of $121 / sq.feet.
