The prices in real estate in Houston, in the Texas region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Houston has increased during the last 6 months. In December, the average price per sq.feet was $189. In the following month the price per sq.feet decreased to $173. The price for the following two months in (February, March) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 116 % 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 $201 to $233.5 during April, and May.
Based upon to the price in Houston (cities), this has gone up considerably in the last 6 months. The average price for December is $449,742. During January the price had a slight fall till $412,971. During the following two months (February, March) the average price had a considerable increase of 156 % 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 risen strongly 135 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $792,779 they are 60 % more affordable than the average price for Houston. The properties with the highest average price have 1 bedroom, Their price is 41 % more costly than the average. After that we have properties with 4 bedrooms priced at $376,183.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $239 / sq.feet price in Houston. The properties with the highest average prices have 1 bedroom. They are 1104 % more expensive than the average followed by properties with 2 bedrooms with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $792,779 it is 46 % cheaper than the average price in Houston. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $944,550 it is 335 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $144 / sq.feet followed by "Townhouse" priced at $190 / sq.feet. "Apartment" is the most costly type of property with a $366 / sq.feet cost followed by "House" with an average price of $242 / sq.feet.