Property prices for sale in Mankato (Minnesota)
The prices in real estate in Mankato, in the Minnesota 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 Mankato has increased strongly during the last 6 months. In October, the average price per sq.feet was $147. In November this price pretty much remained the same at a value of $145 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 118 % 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 $161.5 to $190 during February, and March.
Based upon to the price in Mankato (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $356,089. In November This price remains at $360,954. During the following two months (December, January) the price has had an average incrementation from $358,521.5 to $397,826.5. 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 1 bedroom are the cheapest ones. At a price of $425,259 they are 72 % more affordable than the average price for Mankato. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $409,462.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $129 / sq.feet, with an average $191 / sq.feet price in Mankato. The properties with the highest average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $206 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $425,259 it is 45 % cheaper than the average price in Mankato. "Detached House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $508,943 it is 94 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $114 / sq.feet followed by "Detached House" priced at $155 / sq.feet. "Land" is the most costly type of property with a $138,945 / sq.feet cost followed by "Condo" with an average price of $231 / sq.feet.
