The prices in real estate in Medina, in the Ohio 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 Medina has fallen in the last 6 months. In August, the average price per sq.feet was $178. In September this price pretty much remained the same at a value of $177 per sq.feet. The price for the following two months in (October, November) decreased 89 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $168 to $158.5 during December, and January.
Based upon to the price in Medina (cities), this has gone downing the last 6 months. In our first sample month during August, the average price is $489,945. In September This price remains at $503,384. During the following two months (October, November) the average price fell 85 % 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 $460,415.75 to $374,714, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $379,393 they are 69 % more affordable than the average price for Medina. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at $267,610.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $92 / sq.feet, with an average $157 / sq.feet price in Medina. The properties with the highest average prices have 4 bedrooms. They are 2080 % more expensive than the average followed by properties with 3 bedrooms with a price at $854 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $379,393 it is 63 % cheaper than the average price in Medina. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $295,318 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $66 / sq.feet followed by "Condo" priced at $71 / sq.feet. "Apartment" is the most costly type of property with a $2,105 / sq.feet cost followed by "House" with an average price of $431 / sq.feet.