The prices in real estate in Marengo, in the Iowa 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 February, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $72. The price for the following two months in (April, May) had a considerable increment of 379 %. The price per sq.feet has had a considerable increase of 133 % 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 $86.25 to $114.5 during June, and July.
Based upon to the price in Marengo (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is . During March the price went through a considerable rise reaching $157,325. During the following two months (April, May) the average price had a considerable increase of 441 % 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 $212,888.25 and $220,807.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $148,929 they are 80 % more affordable than the average price for Marengo. The properties with the highest average price have 3 bedrooms, Their price is 73 % more costly than the average. After that we have properties with 4 bedrooms priced at $140,764.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $16 / sq.feet, with an average $101 / sq.feet price in Marengo. The properties with the lowest average prices have 2 bedrooms. They are 37 % cheaper than the average followed by properties with 4 bedrooms with a price at $30 / sq.feet.
With regard to the average price based upon the property in Marengo we can see that the cheapest property type is "House" at a price of $88,526, they are 41 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 41 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $23 / sq.feet. "House" with an average cost of $23 / sq.feet has the lowest price and would be directed at less affluent cities.