The prices in real estate in Marshalltown, 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 Marshalltown has increased strongly during the last 6 months. In November, the average price per sq.feet was $271. In the following month the price per sq.feet increased considerably to $481. The price for the following two months in (January, February) had a considerable increment of 132 %. The price per sq.feet has had a considerable deflation of 71 % 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 $436.5 to $310 during March, and April.
Based upon to the price in Marshalltown (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $156,384. In December This price remains at $159,754. During the following two months (January, February) the average price had a considerable reduction of 84 % 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 116 % 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 $180,198 they are 53 % more affordable than the average price for Marshalltown. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 3 bedrooms priced at $175,184.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $73 / sq.feet, with an average $237 / sq.feet price in Marshalltown. The properties with the highest average prices have 3 bedrooms. They are 81 % more expensive than the average followed by properties with 4 bedrooms with a price at $205 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $180,198 it is 57 % cheaper than the average price in Marshalltown. "Ranch" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $182,390 it is 55 % 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 $132 / sq.feet followed by "Detached House" priced at $155 / sq.feet. "Land" is the most costly type of property with a $2,334 / sq.feet cost followed by "Ranch" with an average price of $910 / sq.feet.