The prices in real estate in Martinsville, in the Indiana 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 Martinsville has increased strongly during the last 6 months. In October, the average price per sq.feet was $630. In the following month the price per sq.feet decreased to $570. The price for the following two months in (December, January) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable increase of 385 % 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 $380.25 to $1,463.5 during February, and March.
Based upon to the price in Martinsville (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $327,961. During November the price went through a considerable rise reaching $383,726. During the following two months (December, January) the price has had an average incrementation from $355,843.5 to $387,723. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $371,783.25 and $362,375 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $366,652 they are 54 % more affordable than the average price for Martinsville. The properties with the highest average price have 1 bedroom, Their price is 77 % more costly than the average. After that we have properties with 4 bedrooms priced at $506,432.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $2,748 / sq.feet price in Martinsville. The properties with the lowest average prices have 1 bedroom. They are 81 % cheaper than the average followed by properties with 4 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $366,652 it is 83 % cheaper than the average price in Martinsville. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $297,979 it is 22 % 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 $167 / sq.feet followed by "Condo" priced at $204 / sq.feet. "Land" is the most costly type of property with a $29,028 / sq.feet cost followed by "Condo" with an average price of $204 / sq.feet.