The prices in real estate in Lorain, in the Ohio region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Lorain has remained the same in the last 6 months. In June, the average price per sq.feet was $92. In the following month the price per sq.feet decreased considerably to $61. In the following two months the price per sq.feet has increased 110 %, going from $76.5 to $84.5 per sq.feet. The price per sq.feet has had a considerable increase of 137 % 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 $80.5 to $110.5 during October, and November.
Based upon to the price in Lorain (cities), this has fallen considerably in the last 6 months. The average price for June is $249,066. During July the price had a considerable reduction till $96,360. During the following two months (August, September) the average price fell 89 % 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 136 % 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 $244,584 they are 60 % more affordable than the average price for Lorain. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 1 bedroom priced at $98,471.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $67 / sq.feet, with an average $122 / sq.feet price in Lorain. The properties with the lowest average prices have 4 bedrooms. They are 10 % cheaper than the average followed by properties with 1 bedroom with a price at $67 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $244,584 it is 54 % cheaper than the average price in Lorain. "Villa" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "House". At a price of $205,548 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $78 / sq.feet followed by "Villa" priced at $83 / sq.feet. "House" is the cheapest type of property with a $99 / sq.feet value followed by "Office" with an average price of $98 / sq.feet.