The prices in real estate in Mason City, in the Iowa region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Mason City has fallen in the last 6 months. In November, the average price per sq.feet was $243. In the following month the price per sq.feet decreased considerably to $152. The price for the following two months in (January, February) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable increase of 172 % 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 $176.75 to $303.5 during March, and April.
Based upon to the price in Mason City (cities), these have remained the same in the last 6 months. The average price for November is $192,051. During December the price had a slight fall till $174,238. In the following two months the average price has remained the same with regard to the previous two months from $183,144.5 to $187,831.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $181,855 they are 53 % more affordable than the average price for Mason City. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at $155,677.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $89 / sq.feet, with an average $107 / sq.feet price in Mason City. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $99 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $181,855 it is 8 % more expensive than the average price in Mason City. "Land" is seen as the second dearest property type. The dearest property type is "Ranch" followed by "Condo". At a price of $273,273 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $118 / sq.feet followed by "Condo" priced at $350 / sq.feet. "Land" is the most costly type of property with a $37,325 / sq.feet cost followed by "Ranch" with an average price of $5,527 / sq.feet.