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 November, the average price per sq.feet was $138. In December this price pretty much remained the same at a value of $133 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 231 %. The price per sq.feet has had a considerable increase of 300 % 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 $224.5 to $673.5 during March, and April.
Based upon to the price in Iowa City (cities), this has gone up in the last 6 months. The average price for November is $275,541. During December the price had a slight fall till $255,903. During the following two months (January, February) the average price had a considerable increase of 125 % 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 gone up 109 % 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 $321,294 they are 40 % more affordable than the average price for Iowa City. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 1 bedroom priced at $250,988.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $125 / sq.feet, with an average $910 / sq.feet price in Iowa City. The properties with the highest average prices have 4 bedrooms. They are 75 % more expensive than the average followed by properties with 3 bedrooms with a price at $741 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $321,294 it is 5 % cheaper than the average price in Iowa City. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $347,205 it is 11 % 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 $155 / sq.feet followed by "Apartment" priced at $200 / sq.feet. "House" is the most costly type of property with a $1,453 / sq.feet cost followed by "Apartment" with an average price of $200 / sq.feet.