Property prices for sale in Island Lake (Illinois)
The prices in real estate in Island Lake, in the Illinois 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 Island Lake has increased strongly during the last 6 months. In November, the average price per sq.feet was $536. In the following month the price per sq.feet decreased considerably to $182. The price for the following two months in (January, February) had a considerable increment of 431 %. The price per sq.feet has had a considerable increase of 289 % 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 $954 to $2,759.5 during March, and April.
Based upon to the price in Island Lake (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $273,647. In December This price remains at $264,377. During the following two months (January, February) the price has had an average incrementation from $269,012 to $289,639. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % 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 $324,570 they are 47 % more affordable than the average price for Island Lake. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at $282,781.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $165 / sq.feet, with an average $186 / sq.feet price in Island Lake. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 2 bedrooms with a price at $184 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $324,570 it is 39 % cheaper than the average price in Island Lake. "Farm" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $267,998 it is 11 % 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 $60 / sq.feet followed by "Commercial" priced at $62 / sq.feet. "House" is the cheapest type of property with a $177 / sq.feet value followed by "Condo" with an average price of $165 / sq.feet.
