Property prices for sale in Lockport (Illinois)
The prices in real estate in Lockport, in the Illinois 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 Lockport has increased strongly during the last 6 months. In November, the average price per sq.feet was $200. In December this price pretty much remained the same at a value of $201 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 239 %. The price per sq.feet has decreased 90 % 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 $340 to $307 during March, and April.
Based upon to the price in Lockport (cities), these have remained the same in the last 6 months. The average price for November is $396,231. During December the price had a slight fall till $376,418. In the following two months the average price has remained the same with regard to the previous two months from $386,324.5 to $390,898. 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 $388,611.25 and $383,858.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $387,025 they are 49 % more affordable than the average price for Lockport. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $335,954.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $144 / sq.feet, with an average $200 / sq.feet price in Lockport. The properties with the highest average prices have 2 bedrooms. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $211 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $387,025 it is 41 % cheaper than the average price in Lockport. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $592,906 it is 82 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $137 / sq.feet followed by "Apartment" priced at $147 / sq.feet. "Land" is the most costly type of property with a $71,541 / sq.feet cost followed by "Townhouse" with an average price of $204 / sq.feet.
