The prices in real estate in Metropolis, 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 Metropolis has increased strongly during the last 6 months. In October, the average price per sq.feet was $82. In the following month the price per sq.feet increased considerably to $739. The price for the following two months in (December, January) had a considerable increment of 145 %. The price per sq.feet has had a considerable increase of 203 % 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 $502 to $1,020 during February, and March.
Based upon to the price in Metropolis (cities), this has fallen considerably in the last 6 months. The average price for October is $132,595. During November the price had a considerable reduction till $86,732. During the following two months (December, January) the average price fell 94 % 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 123 % 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 $140,947 they are 56 % more affordable than the average price for Metropolis. The properties with the highest average price have 4 bedrooms, Their price is 155 % more costly than the average. After that we have properties with 3 bedrooms priced at $132,375.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $66 / sq.feet, with an average $1,240 / sq.feet price in Metropolis. The properties with the lowest average prices have 4 bedrooms. They are 93 % cheaper than the average followed by properties with 3 bedrooms with a price at $85 / sq.feet.
With regard to the average price based upon the property in Metropolis we can see that the cheapest property type is "House" at a price of $105,367, they are 25 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 25 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $76 / sq.feet. "House" with an average cost of $76 / sq.feet has the lowest price and would be directed at less affluent cities.