The prices in real estate in Indianapolis, in the Indiana 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 Indianapolis has increased strongly during the last 6 months. In January, the average price per sq.feet was $71. In the following month the price per sq.feet increased considerably to $97. The price for the following two months in (March, April) had a considerable increment of 119 %. The price per sq.feet has had a considerable increase of 145 % 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 $92 to $133 during May, and June.
Based upon to the price in Indianapolis (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $124,365. During February the price went through a considerable rise reaching $195,737. During the following two months (March, April) the average price had a considerable increase of 137 % 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 272 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $625,236 they are 74 % more affordable than the average price for Indianapolis. The properties with the highest average price have 3 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 4 bedrooms priced at $688,189.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $106 / sq.feet, with an average $153 / sq.feet price in Indianapolis. The properties with the highest average prices have 3 bedrooms. They are 87 % more expensive than the average followed by properties with 2 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $625,236 it is 72 % cheaper than the average price in Indianapolis. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of $235,569 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $91 / sq.feet followed by "Villa" priced at $95 / sq.feet. "House" is the cheapest type of property with a $147 / sq.feet value followed by "Condo" with an average price of $111 / sq.feet.