The prices in real estate in Little Rock, 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 Little Rock has increased strongly during the last 6 months. In February, the average price per sq.feet was $1,399. In the following month the price per sq.feet increased considerably to $1,934. The price for the following two months in (April, May) had a considerable increment of 173 %. The price per sq.feet has had a considerable deflation of 63 % 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 $2,276.75 to $1,423.5 during June, and July.
Based upon to the price in Little Rock (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $258,526. During March the price went through a considerable rise reaching $336,495. During the following two months (April, May) the average price had a considerable increase of 131 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $344,198.5 to $325,866 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $274,207 they are 47 % more affordable than the average price for Little Rock. The properties with the highest average price have 4 bedrooms, Their price is 79 % more costly than the average. After that we have properties with 3 bedrooms priced at $319,734.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $116 / sq.feet, with an average $117 / sq.feet price in Little Rock. The properties with the highest average prices have 4 bedrooms. They are 512 % more expensive than the average followed by properties with 1 bedroom with a price at $142 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $274,207 it is 37 % cheaper than the average price in Little Rock. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $249,526 it is 69 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $97 / sq.feet followed by "Condo" priced at $107 / sq.feet. "House" is the most costly type of property with a $4,166 / sq.feet cost followed by "Land" with an average price of $933 / sq.feet.