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 $84. In the following month the price per sq.feet increased considerably to $98. The price for the following two months in (January, February) had a considerable increment of 1802 %. The price per sq.feet has had a considerable increase of 289 % 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 $865.25 to $2,496.5 during March, and April.
Based upon to the price in Marengo (cities), these have remained the same in the last 6 months. The price in November is $139,170, rising in December till $147,344. During the following two months (January, February) the average price had a considerable reduction of 62 % 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 161 % 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 $179,200 they are 84 % more affordable than the average price for Marengo. The properties with the highest average price have 3 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 4 bedrooms priced at $138,243.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $12 / sq.feet, with an average $116 / sq.feet price in Marengo. The properties with the lowest average prices have 2 bedrooms. They are 60 % cheaper than the average followed by properties with 4 bedrooms with a price at $12 / 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 $86,936, they are 51 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 51 % 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 $5 / sq.feet. "House" with an average cost of $5 / sq.feet has the lowest price and would be directed at less affluent cities.