Property prices for sale in Merrillville (Indiana)
The prices in real estate in Merrillville, in the Indiana region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Merrillville has increased during the last 6 months. In December, the average price per sq.feet was $128. In January this price pretty much remained the same at a value of $128 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $128 to $137.5 per sq.feet. The price per sq.feet has increased 106 % 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 $132.75 to $140.5 during April, and May.
Based upon to the price in Merrillville (cities), these have remained the same in the last 6 months. The average price for December is $241,852. During January the price had a slight fall till $217,791. During the following two months (February, March) the price has had an average incrementation from $229,821.5 to $250,901.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $257,095 they are 35 % more affordable than the average price for Merrillville. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $183,021.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $77 / sq.feet, with an average $139 / sq.feet price in Merrillville. The properties with the lowest average prices have 3 bedrooms. They are 34 % cheaper than the average followed by properties with 4 bedrooms with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $257,095 it is 48 % cheaper than the average price in Merrillville. "Villa" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $190,017 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $57 / sq.feet followed by "Condo" priced at $62 / sq.feet. "House" is the most costly type of property with a $178 / sq.feet cost followed by "Apartment" with an average price of $99 / sq.feet.
