The prices in real estate in Lake Station, in the Indiana 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 Lake Station has increased during the last 6 months. In December, the average price per sq.feet was $83. In the following month the price per sq.feet increased considerably to $98. In the following two months the price per sq.feet has barely changed, going from $90.5 to $90 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 $90.25 to $88 during April y May
Based upon to the price in Lake Station (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is $89,800. During January the price went through a considerable rise reaching $123,790. During the following two months (February, March) the average price had a considerable increase of 115 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $119,750 they are 23 % more affordable than the average price for Lake Station. The properties with the lowest average price have 1 bedroom, Their price is 10 % cheaper than the average. After that we have properties with 2 bedrooms priced at $92,671.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $57 / sq.feet, with an average $77 / sq.feet price in Lake Station. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $57 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $119,750 it is 54 % cheaper than the average price in Lake Station. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $55,227 it is 23 % 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 $39 / sq.feet followed by "Apartment" priced at $40 / sq.feet. "House" is the cheapest type of property with a $57 / sq.feet value followed by "Apartment" with an average price of $40 / sq.feet.