The prices in real estate in Menomonie, in the Wisconsin 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 Menomonie has increased strongly during the last 6 months. In January, the average price per sq.feet was $105. In February this price pretty much remained the same at a value of $107 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 131 %. The price per sq.feet has had a considerable increase of 135 % 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 $122.25 to $165.5 during May, and June.
Based upon to the price in Menomonie (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $203,910. In February This price remains at $208,653. During the following two months (March, April) the average price had a considerable increase of 162 % 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 risen strongly 207 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $639,943 they are 73 % more affordable than the average price for Menomonie. The properties with the lowest average price have 1 bedroom, Their price is 71 % cheaper than the average. After that we have properties with 3 bedrooms priced at $188,236.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $82 / sq.feet, with an average $185 / sq.feet price in Menomonie. The properties with the lowest average prices have 1 bedroom. They are 49 % cheaper than the average followed by properties with 3 bedrooms with a price at $94 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $639,943 it is 82 % cheaper than the average price in Menomonie. "Land" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Land". At a price of $169,870 it is 59 % 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 $37 / sq.feet followed by "Land" priced at $82 / sq.feet. "Office" is the cheapest type of property with a $111 / sq.feet value followed by "Land" with an average price of $82 / sq.feet.