The prices in real estate in Highland Park, 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 Highland Park has increased strongly during the last 6 months. In February, the average price per sq.feet was $203. In the following month the price per sq.feet increased to $222. In the following two months the price per sq.feet has barely changed, going from $212.5 to $214 per sq.feet. The price per sq.feet has had a considerable increase of 160 % 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 $213.25 to $341 during June, and July.
Based upon to the price in Highland Park (cities), this has gone up in the last 6 months. The price in February is $699,459, rising in March till $770,283. In the following two months the average price has remained the same with regard to the previous two months from $734,871 to $743,950.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $739,410.75 and $761,029.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $687,486 they are 79 % more affordable than the average price for Highland Park. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $445,430.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $168 / sq.feet, with an average $461 / sq.feet price in Highland Park. The properties with the lowest average prices have 4 bedrooms. They are 51 % cheaper than the average followed by properties with 3 bedrooms with a price at $208 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $687,486 it is 58 % cheaper than the average price in Highland Park. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $819,882 it is 119 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $149 / sq.feet followed by "Apartment" priced at $150 / sq.feet. "Commercial" is the cheapest type of property with a $309 / sq.feet value followed by "House" with an average price of $198 / sq.feet.