The prices in real estate in Madison, in the Wisconsin 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 Madison has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $171. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (November, December) had a considerable increment of 215 %. The price per sq.feet has had a considerable increase of 128 % 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 $134.75 to $173 during January, and February.
Based upon to the price in Madison (cities), this has fallen considerably in the last 6 months. The average price for September is $347,461. During October the price had a considerable reduction till . During the following two months (November, December) the average price had a considerable increase of 180 % 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 124 % 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 $307,101 they are 31 % more affordable than the average price for Madison. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 1 bedroom priced at $340,206.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $176 / sq.feet price in Madison. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $172 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $307,101 it is 11 % cheaper than the average price in Madison. "Land" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $355,000 it is 18 % 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 $167 / sq.feet followed by "Land" priced at $169 / sq.feet. "House" is the most costly type of property with a $191 / sq.feet cost followed by "Land" with an average price of $169 / sq.feet.