The prices in real estate in Mansfield, in the Arkansas 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 Mansfield has increased strongly during the last 6 months. In November, the average price per sq.feet was $485. In the following month the price per sq.feet decreased considerably to $157. The price for the following two months in (January, February) had a considerable increment of 337 %. The price per sq.feet has had a considerable increase of 171 % 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 $701.5 to $1,197 during March, and April.
Based upon to the price in Mansfield (cities), this has fallen considerably in the last 6 months. The average price for November is $461,136. During December the price had a considerable reduction till $245,952. During the following two months (January, February) the average price had a considerable reduction of 85 % 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 109 % 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 $305,550 they are 69 % more affordable than the average price for Mansfield. The properties with the lowest average price have 2 bedrooms, Their price is 42 % cheaper than the average. After that we have properties with 1 bedroom priced at $94,564.
With regard to the average prices per sq.feet those properties with 1 bedroom are 14 % cheaper than the average price of ($152 / sq.feet) in Mansfield. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 14 % cheaper than the average value aforementioned.
According to average price per property type in Mansfield, "" priced at $176,583 is 42 % cheaper than the average price ($305,550) in this city.