Property prices for sale in Iowa City (Iowa)
The prices in real estate in Iowa City, in the Iowa 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 Iowa City has increased strongly during the last 6 months. In October, the average price per sq.feet was $212. In November this price pretty much remained the same at a value of $204 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $208 to $219 per sq.feet. The price per sq.feet has had a considerable increase of 219 % 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 $213.5 to $468.5 during February, and March.
Based upon to the price in Iowa City (cities), this has gone up in the last 6 months. The price in October is $358,169, rising in November till $390,603. In the following two months the average price has remained the same with regard to the previous two months from $374,386 to $381,103.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % 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 $450,745 they are 36 % more affordable than the average price for Iowa City. The properties with the highest average price have 1 bedroom, Their price is 50 % more costly than the average. After that we have properties with 4 bedrooms priced at $452,729.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $734 / sq.feet price in Iowa City. The properties with the lowest average prices have 1 bedroom. They are 31 % cheaper than the average followed by properties with 2 bedrooms with a price at $215 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $450,745 it is 24 % cheaper than the average price in Iowa City. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Detached House". At a price of $812,346 it is 82 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $153 / sq.feet followed by "House" priced at $199 / sq.feet. "Land" is the most costly type of property with a $230,686 / sq.feet cost followed by "Condo" with an average price of $285 / sq.feet.
