Property prices for sale in Lincoln (Nebraska)
The prices in real estate in Lincoln, in the Nebraska 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 Lincoln has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $504. In the following month the price per sq.feet increased considerably to $675. The price for the following two months in (December, January) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has decreased 85 % 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 $424.5 to $362 during February, and March.
Based upon to the price in Lincoln (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $425,595. In November This price remains at $421,047. In the following two months the average price has remained the same with regard to the previous two months from $423,321 to $428,615.5. 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 $425,968.25 and $407,164.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $411,965 they are 39 % more affordable than the average price for Lincoln. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $346,558.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $151 / sq.feet, with an average $352 / sq.feet price in Lincoln. The properties with the lowest average prices have 1 bedroom. They are 31 % cheaper than the average followed by properties with 2 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $411,965 it is 61 % cheaper than the average price in Lincoln. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $384,428 it is 13 % 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 $191 / sq.feet followed by "Condo" priced at $255 / sq.feet. "Land" is the most costly type of property with a $62,169 / sq.feet cost followed by "Detached House" with an average price of $955 / sq.feet.
