Property prices for sale in Madison (Wisconsin)
The prices in real estate in Madison, in the Wisconsin region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Madison has increased during the last 6 months. In October, the average price per sq.feet was $249. In the following month the price per sq.feet increased to $268. In the following two months the price per sq.feet has barely changed, going from $258.5 to $255.5 per sq.feet. The price per sq.feet has had a considerable increase of 126 % 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 $257 to $323 during February, and March.
Based upon to the price in Madison (cities), this has gone up in the last 6 months. The price in October is $439,497, rising in November till $473,583. In the following two months the average price has remained the same with regard to the previous two months from $456,540 to $470,598. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $477,090 they are 31 % more affordable than the average price for Madison. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $445,645.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $253 / sq.feet, with an average $370 / sq.feet price in Madison. The properties with the lowest average prices have 1 bedroom. They are 5 % cheaper than the average followed by properties with 4 bedrooms with a price at $281 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $477,090 it is 36 % cheaper than the average price in Madison. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $940,279 it is 166 % 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 $155 / sq.feet followed by "Commercial" priced at $183 / sq.feet. "Land" is the most costly type of property with a $150,318 / sq.feet cost followed by "House" with an average price of $706 / sq.feet.
