Property prices for sale in Houma (Louisiana)
The prices in real estate in Houma, in the Louisiana 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 Houma has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,382. In the following month the price per sq.feet increased considerably to $1,699. In the following two months the price per sq.feet has barely changed, going from $1,540.5 to $1,474.5 per sq.feet. The price per sq.feet has had a considerable increase of 135 % 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 $1,507.5 to $2,028.5 during February, and March.
Based upon to the price in Houma (cities), these have remained the same in the last 6 months. The average price for October is $360,866. During November the price had a slight fall till $339,527. In the following two months the average price has remained the same with regard to the previous two months from $350,196.5 to $363,278.5. 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 $356,737.5 and $363,275.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $358,205 they are 77 % more affordable than the average price for Houma. 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 $273,315.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $61 / sq.feet, with an average $2,221 / sq.feet price in Houma. The properties with the lowest average prices have 4 bedrooms. They are 61 % cheaper than the average followed by properties with 3 bedrooms with a price at $246 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $358,205 it is 62 % cheaper than the average price in Houma. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $380,781 it is 1025 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $107 / sq.feet followed by "Commercial" priced at $251 / sq.feet. "Land" is the most costly type of property with a $80,679 / sq.feet cost followed by "House" with an average price of $2,071 / sq.feet.
