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 November, the average price per sq.feet was $68. In the following month the price per sq.feet decreased considerably to $40. The price for the following two months in (January, February) had a considerable increment of 176 %. The price per sq.feet has had a considerable increase of 989 % 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 $74.5 to $737 during March, and April.
Based upon to the price in Marengo (cities), this has fallen considerably in the last 6 months. The average price for November is $191,278. During December the price had a considerable reduction till $60,978. In the following two months the average price has remained the same with regard to the previous two months from $126,128 to $127,139. 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 $126,633.5 and $124,089 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 $125,291 they are 76 % more affordable than the average price for Marengo. The properties with the highest average price have 3 bedrooms, Their price is 108 % more costly than the average. After that we have properties with 4 bedrooms priced at $142,185.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $26 / sq.feet, with an average $1,412 / sq.feet price in Marengo. The properties with the lowest average prices have 2 bedrooms. They are 95 % cheaper than the average followed by properties with 4 bedrooms with a price at $40 / 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 $89,421, they are 29 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 29 % 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 $33 / sq.feet. "House" with an average cost of $33 / sq.feet has the lowest price and would be directed at less affluent cities.