The prices in real estate in Justice, in the Illinois region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Justice has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $133. In February this price pretty much remained the same at a value of $136 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $134.5 to $139.5 per sq.feet. The price per sq.feet has had a considerable deflation of 52 % 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 $137 to $71 during May, and June.
Based upon to the price in Justice (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $206,845. In February This price remains at $214,891. In the following two months the average price has remained the same with regard to the previous two months from $210,868 to $203,655.5. During the last two months the average price has had a strong fall compared to the previous four going from $207,261.75 to $119,591, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $239,182 they are 62 % more affordable than the average price for Justice. The properties with the lowest average price have 1 bedroom, Their price is 15 % cheaper than the average. After that we have properties with 4 bedrooms priced at $179,056.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $97 / sq.feet, with an average $142 / sq.feet price in Justice. The properties with the lowest average prices have 4 bedrooms. They are 17 % cheaper than the average followed by properties with 1 bedroom with a price at $103 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $239,182 it is 43 % cheaper than the average price in Justice. "House" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $179,056 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $83 / sq.feet followed by "Duplex" priced at $98 / sq.feet. "House" is the cheapest type of property with a $118 / sq.feet value followed by "Duplex" with an average price of $98 / sq.feet.