The prices in real estate in Mason City, 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 Mason City has increased strongly during the last 6 months. In February, the average price per sq.feet was $184. In the following month the price per sq.feet decreased considerably to $77. The price for the following two months in (April, May) had a considerable increment of 660 %. The price per sq.feet has had a considerable increase of 147 % 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 $495.75 to $729 during June, and July.
Based upon to the price in Mason City (cities), these have remained the same in the last 6 months. The average price for February is $152,298. During March the price had a slight fall till $140,491. In the following two months the average price has remained the same with regard to the previous two months from $146,394.5 to $151,993. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $158,031 they are 65 % more affordable than the average price for Mason City. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $116,211.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $16 / sq.feet, with an average $478 / sq.feet price in Mason City. The properties with the lowest average prices have 3 bedrooms. They are 84 % cheaper than the average followed by properties with 4 bedrooms with a price at $72 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $158,031 it is 16 % cheaper than the average price in Mason City. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $143,282 it is 230 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $49 / sq.feet followed by "House" priced at $458 / sq.feet. "Commercial" is the most costly type of property with a $3,837 / sq.feet cost followed by "House" with an average price of $458 / sq.feet.