The prices in real estate in Marengo, in the Iowa region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Marengo has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $96. In April this price pretty much remained the same at a value of $97 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 150 % 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 $48.25 to $72.5 during July, and August.
Based upon to the price in Marengo (cities), this has fallen considerably in the last 6 months. The average price for March is $259,233. During April the price had a slight fall till $241,080. During the following two months (May, June) the average price had a considerable reduction of 0 % 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 risen strongly 142 % 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 $201,736 they are 85 % more affordable than the average price for Marengo. The properties with the highest average price have 3 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 4 bedrooms priced at $143,332.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $31 / sq.feet, with an average $85 / sq.feet price in Marengo. The properties with the highest average prices have 3 bedrooms. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $58 / 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 $90,143, they are 55 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 55 % 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 $41 / sq.feet. "House" with an average cost of $41 / sq.feet has the lowest price and would be directed at less affluent cities.