Property prices for sale in Meridian (Mississippi)
The prices in real estate in Meridian, in the Mississippi 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 Meridian has increased strongly during the last 6 months. In October, the average price per sq.feet was $116. In the following month the price per sq.feet decreased to $101. The price for the following two months in (December, January) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable increase of 647 % 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 $97.5 to $630.5 during February, and March.
Based upon to the price in Meridian (cities), this has fallen considerably in the last 6 months. The average price for October is $225,783. During November the price had a considerable reduction till $178,768. During the following two months (December, January) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $183,783.25 to $159,615 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $169,194 they are 66 % more affordable than the average price for Meridian. The properties with the lowest average price have 4 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 2 bedrooms priced at $71,972.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $15 / sq.feet, with an average $630 / sq.feet price in Meridian. The properties with the lowest average prices have 4 bedrooms. They are 70 % cheaper than the average followed by properties with 2 bedrooms with a price at $104 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $169,194 it is 30 % cheaper than the average price in Meridian. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $120,544 it is 159 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $115 / sq.feet followed by "Commercial" priced at $172 / sq.feet. "House" is the cheapest type of property with a $187 / sq.feet value followed by "Commercial" with an average price of $172 / sq.feet.
