Property prices for sale in Madisonville (Tennessee)
The prices in real estate in Madisonville, in the Tennessee 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 November, the average price per sq.feet was $242. In December this price pretty much remained the same at a value of $250 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable increase of 2044 % 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 $226.25 to $4,624 during March, and April.
Based upon to the price in Madisonville (cities), this has fallen considerably in the last 6 months. The average price for November is $411,747. During December the price had a slight fall till $381,130. During the following two months (January, February) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $375,391 to $321,576.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $345,493 they are 18 % more affordable than the average price for Madisonville. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $440,428.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $4,167 / sq.feet price in Madisonville. The properties with the lowest average prices have 1 bedroom. They are 72 % cheaper than the average followed by properties with 3 bedrooms with a price at $224 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $345,493 it is 62 % cheaper than the average price in Madisonville. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $398,125 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $210 / sq.feet followed by "Detached House" priced at $246 / sq.feet. "Land" is the most costly type of property with a $23,305 / sq.feet cost followed by "Detached House" with an average price of $246 / sq.feet.
