Property prices for sale in Melrose Park (Illinois)
The prices in real estate in Melrose Park, in the Illinois 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 Melrose Park has fallen in the last 6 months. In November, the average price per sq.feet was $235. In the following month the price per sq.feet decreased to $218. The price for the following two months in (January, February) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has increased 105 % 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 $205 to $216 during March, and April.
Based upon to the price in Melrose Park (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $308,404. In December This price remains at $302,777. During the following two months (January, February) the average price fell 89 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $338,687 they are 50 % more affordable than the average price for Melrose Park. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $326,213.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $199 / sq.feet, with an average $222 / sq.feet price in Melrose Park. The properties with the highest average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $206 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $338,687 it is 45 % cheaper than the average price in Melrose Park. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $243,875 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $68 / sq.feet followed by "Condo" priced at $181 / sq.feet. "House" is the most costly type of property with a $224 / sq.feet cost followed by "Condo" with an average price of $181 / sq.feet.
