Property prices for sale in Madras (Oregon)
The prices in real estate in Madras, in the Oregon 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 Madras has increased strongly during the last 6 months. In November, the average price per sq.feet was $252. In December this price pretty much remained the same at a value of $256 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 216 %. The price per sq.feet has had a considerable increase of 161 % 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 $401.5 to $645 during March, and April.
Based upon to the price in Madras (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $434,143. In December This price remains at $448,196. During the following two months (January, February) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $429,199.25 and $421,201.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $419,345 they are 56 % more affordable than the average price for Madras. 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 $428,304.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $220 / sq.feet, with an average $768 / sq.feet price in Madras. The properties with the highest average prices have 2 bedrooms. They are 65 % more expensive than the average followed by properties with 4 bedrooms with a price at $331 / sq.feet.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $419,345 it is 33 % cheaper than the average price in Madras. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $316,087 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Multi Family House" at an average cost of $82 / sq.feet followed by "Townhouse" priced at $94 / sq.feet. "Land" is the most costly type of property with a $13,247 / sq.feet cost followed by "House" with an average price of $420 / sq.feet.
