The prices in real estate in Marshfield, in the Wisconsin 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 Marshfield has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $125. In the following month the price per sq.feet decreased to $108. The price for the following two months in (October, November) had a considerable decrease of 41 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $82.25 to $66.5 during December, and January.
Based upon to the price in Marshfield (cities), this has fallen considerably in the last 6 months. The average price for August is $495,375. During September the price had a considerable reduction till $309,480. During the following two months (October, November) the average price had a considerable reduction of 46 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $293,006.5 to $175,837.5, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $168,195 they are 13 % more expensive than the average price for Marshfield. Following this ranking we find those properties with 3 at an average price of $191,268. The properties with the highest average price have 1 bedroom, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $191,268.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $74 / sq.feet, with an average $88 / sq.feet price in Marshfield. The properties with the highest average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 3 bedrooms with a price at $84 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $168,195 it is 51 % cheaper than the average price in Marshfield. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Townhouse". At a price of $151,952 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $52 / sq.feet followed by "Land" priced at $74 / sq.feet. "Land" is the cheapest type of property with a $74 / sq.feet value followed by "Townhouse" with an average price of $52 / sq.feet.