The prices in real estate in Indianola, in the Iowa region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Indianola has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $506. In the following month the price per sq.feet decreased to $439. The price for the following two months in (March, April) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable increase of 127 % 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 $374.75 to $477.5 during May, and June.
Based upon to the price in Indianola (cities), this has gone up in the last 6 months. The average price for January is $195,905. During February the price had a slight fall till $177,709. During the following two months (March, April) the price has had an average incrementation from $186,807 to $200,590.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $219,690 they are 31 % more affordable than the average price for Indianola. The properties with the highest average price have 1 bedroom, Their price is 48 % more costly than the average. After that we have properties with 4 bedrooms priced at $255,038.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $208 / sq.feet, with an average $650 / sq.feet price in Indianola. The properties with the highest average prices have 1 bedroom. They are 144 % more expensive than the average followed by properties with 4 bedrooms with a price at $807 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $219,690 it is 47 % cheaper than the average price in Indianola. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $185,548 it is 5 % 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 $138 / sq.feet followed by "Land" priced at $232 / sq.feet. "House" is the most costly type of property with a $1,050 / sq.feet cost followed by "Duplex" with an average price of $460 / sq.feet.