The prices in real estate in Lincoln, in the Nebraska 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 Lincoln has increased during the last 6 months. In October, the average price per sq.feet was $129. In November this price pretty much remained the same at a value of $130 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $129.5 to $136.5 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 $133 to $150.5 during February, and March.
Based upon to the price in Lincoln (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $262,927. In November This price remains at $263,743. During the following two months (December, January) the average price had a considerable increase of 125 % 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 risen strongly 130 % 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 $382,607 they are 64 % more affordable than the average price for Lincoln. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $314,365.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $151 / sq.feet price in Lincoln. The properties with the lowest average prices have 3 bedrooms. They are 13 % cheaper than the average followed by properties with 2 bedrooms with a price at $127 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $382,607 it is 57 % cheaper than the average price in Lincoln. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $342,966 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $113 / sq.feet followed by "Apartment" priced at $123 / sq.feet. "Office" is the most costly type of property with a $981 / sq.feet cost followed by "Farm" with an average price of $976 / sq.feet.