Property prices for sale in Jennings (Louisiana)
The prices in real estate in Jennings, in the Louisiana 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 Jennings has increased strongly during the last 6 months. In October, the average price per sq.feet was $125. In the following month the price per sq.feet decreased to $110. The price for the following two months in (December, January) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has had a considerable increase of 624 % 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 $106.5 to $665 during February, and March.
Based upon to the price in Jennings (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $178,129. In November This price remains at $185,383. In the following two months the average price has remained the same with regard to the previous two months from $181,756 to $180,501.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $207,408 they are 78 % more affordable than the average price for Jennings. The properties with the lowest average price have 2 bedrooms, Their price is 28 % cheaper than the average. After that we have properties with 3 bedrooms priced at $132,265.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $33 / sq.feet, with an average $1,231 / sq.feet price in Jennings. The properties with the lowest average prices have 4 bedrooms. They are 76 % cheaper than the average followed by properties with 2 bedrooms with a price at $56 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $207,408 it is 78 % cheaper than the average price in Jennings. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Land". At a price of $45,314 it is 66 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $220 / sq.feet followed by "Land" priced at $301 / sq.feet. "Land" is the cheapest type of property with a $301 / sq.feet value followed by "Commercial" with an average price of $220 / sq.feet.
