The prices in real estate in Marion, 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 Marion has increased strongly during the last 6 months. In April, the average price per sq.feet was $1,037. In the following month the price per sq.feet increased considerably to $3,875. The price for the following two months in (June, July) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 14 % 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 $2,282.75 to $324.5 during August, and September.
Based upon to the price in Marion (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $299,469. In May This price remains at $296,461. During the following two months (June, July) the price has had an average incrementation from $297,965 to $315,202.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $306,583.75 to $264,740.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $260,595 they are 61 % more affordable than the average price for Marion. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $259,701.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $77 / sq.feet, with an average $123 / sq.feet price in Marion. The properties with the highest average prices have 2 bedrooms. They are 24 % more expensive than the average followed by properties with 3 bedrooms with a price at $104 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $260,595 it is 49 % cheaper than the average price in Marion. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $202,004 it is 4 % 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 $114 / sq.feet followed by "Condo" priced at $125 / sq.feet. "Townhouse" is the most costly type of property with a $890 / sq.feet cost followed by "Duplex" with an average price of $147 / sq.feet.