Property prices for sale in Marengo (Illinois)
The prices in real estate in Marengo, in the Illinois 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 Marengo has increased strongly during the last 6 months. In October, the average price per sq.feet was $730. In the following month the price per sq.feet decreased considerably to $213. The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1733 % 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 $334.75 to $5,802 during February, and March.
Based upon to the price in Marengo (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $359,072. In November This price remains at $348,306. During the following two months (December, January) the price has had an average incrementation from $353,689 to $374,650. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $364,169.5 to $341,015.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $359,197 they are 57 % more affordable than the average price for Marengo. 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 $372,941.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $159 / sq.feet, with an average $6,561 / sq.feet price in Marengo. The properties with the lowest average prices have 3 bedrooms. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $181 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $359,197 it is 75 % cheaper than the average price in Marengo. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $367,096 it is 128 % 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 $188 / sq.feet followed by "Detached House" priced at $280 / sq.feet. "Land" is the most costly type of property with a $29,089 / sq.feet cost followed by "Detached House" with an average price of $280 / sq.feet.
