Property prices for sale in Lincoln (Arkansas)
The prices in real estate in Lincoln, in the Arkansas 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 Lincoln has increased strongly during the last 6 months. In October, the average price per sq.feet was $167. In the following month the price per sq.feet increased considerably to $849. The price for the following two months in (December, January) had a considerable increment of 170 %. The price per sq.feet has had a considerable increase of 317 % 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 $686.25 to $2,178.5 during February, and March.
Based upon to the price in Lincoln (cities), this has gone up in the last 6 months. The price in October is $275,450, rising in November till $305,699. In the following two months the average price has remained the same with regard to the previous two months from $290,574.5 to $293,126. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $313,949 they are 20 % more affordable than the average price for Lincoln. The properties with the highest average price have 3 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 4 bedrooms priced at $319,845.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $184 / sq.feet, with an average $2,748 / sq.feet price in Lincoln. The properties with the lowest average prices have 1 bedroom. They are 86 % cheaper than the average followed by properties with 2 bedrooms with a price at $251 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $313,949 it is 12 % cheaper than the average price in Lincoln. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $332,581 it is 72 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $221 / sq.feet followed by "Duplex" priced at $428 / sq.feet. "Land" is the most costly type of property with a $35,299 / sq.feet cost followed by "Duplex" with an average price of $428 / sq.feet.
