The prices in real estate in Island Lake, in the Illinois 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 Island Lake has increased during the last 6 months. In December, the average price per sq.feet was $159. In the following month the price per sq.feet increased considerably to $186. In the following two months the price per sq.feet has increased 105 %, going from $172.5 to $181.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $177 to $177 during April y May
Based upon to the price in Island Lake (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is $268,913. In January This price remains at $274,724. During the following two months (February, March) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $299,412 and $300,285.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $333,481 they are 64 % more affordable than the average price for Island Lake. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 3 bedrooms priced at $209,204.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $104 / sq.feet, with an average $185 / sq.feet price in Island Lake. The properties with the lowest average prices have 3 bedrooms. They are 35 % cheaper than the average followed by properties with 4 bedrooms with a price at $118 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $333,481 it is 58 % cheaper than the average price in Island Lake. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Farm". At a price of $266,858 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $71 / sq.feet followed by "Commercial" priced at $73 / sq.feet. "House" is the cheapest type of property with a $123 / sq.feet value followed by "Townhouse" with an average price of $100 / sq.feet.