The prices in real estate in Knoxville, in the Tennessee 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 Knoxville has increased during the last 6 months. In January, the average price per sq.feet was $192. In February this price pretty much remained the same at a value of $193 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $192.5 to $197.5 per sq.feet. The price per sq.feet has increased 113 % 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 $195 to $220 during May, and June.
Based upon to the price in Knoxville (cities), this has gone up considerably in the last 6 months. The price in January is $398,034, rising in February till $453,689. During the following two months (March, April) the price has had an average incrementation from $425,861.5 to $469,542. 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 $447,701.75 and $469,427.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $455,282 they are 54 % more affordable than the average price for Knoxville. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $413,682.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $212 / sq.feet price in Knoxville. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 4 bedrooms with a price at $221 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $455,282 it is 35 % cheaper than the average price in Knoxville. "Land" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Commercial". At a price of $524,667 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $133 / sq.feet followed by "Condo" priced at $209 / sq.feet. "Land" is the most costly type of property with a $199,010 / sq.feet cost followed by "Townhouse" with an average price of $427 / sq.feet.