Property prices for sale in Madisonville (Kentucky)
The prices in real estate in Madisonville, in the Kentucky 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 Madisonville has increased strongly during the last 6 months. In October, the average price per sq.feet was $126. In November this price pretty much remained the same at a value of $128 per sq.feet. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 3178 % 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 $122.75 to $3,901 during February, and March.
Based upon to the price in Madisonville (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $218,846. In November This price remains at $227,079. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 gone up 112 % 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 $253,894 they are 19 % more affordable than the average price for Madisonville. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $219,506.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $134 / sq.feet, with an average $4,415 / sq.feet price in Madisonville. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $253,894 it is 44 % cheaper than the average price in Madisonville. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $197,300 it is 9 % 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 $125 / sq.feet followed by "House" priced at $139 / sq.feet. "Land" is the most costly type of property with a $76,565 / sq.feet cost followed by "House" with an average price of $139 / sq.feet.
