The prices in real estate in Medinah, in the Illinois 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 Medinah has increased strongly during the last 6 months. In October, the average price per sq.feet was $225. In November this price pretty much remained the same at a value of $225 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $225 to $255 per sq.feet. The price per sq.feet has had a considerable increase of 3288 % 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 $240 to $7,890 during February, and March.
Based upon to the price in Medinah (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $599,160. In November This price remains at $615,964. During the following two months (December, January) the price has had an average incrementation from $607,562 to $656,736.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $632,149.25 to $578,537.5 in February and March.