The prices in real estate in Marshall, in the Missouri 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 Marshall has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $381. In the following month the price per sq.feet decreased considerably to $66. The price for the following two months in (September, October) had a considerable decrease of 30 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $145 to $123 during November, and December.
Based upon to the price in Marshall (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $207,633. In August This price remains at $203,245. During the following two months (September, October) the price has had an average incrementation from $205,439 to $228,255. Based on an analysis of the first four prices and the last two months the average price has risen strongly 354 % 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 $768,580 they are 87 % more affordable than the average price for Marshall. The properties with the lowest average price have 4 bedrooms, Their price is 75 % cheaper than the average. After that we have properties with 2 bedrooms priced at $193,205.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $53 / sq.feet, with an average $123 / sq.feet price in Marshall. The properties with the lowest average prices have 2 bedrooms. They are 19 % cheaper than the average followed by properties with 3 bedrooms with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $768,580 it is 87 % cheaper than the average price in Marshall. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $182,594 it is 76 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $53 / sq.feet followed by "Apartment" priced at $76 / sq.feet. "House" is the cheapest type of property with a $110 / sq.feet value followed by "Apartment" with an average price of $76 / sq.feet.