The prices in real estate in Mexia, in the Texas 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 Mexia has increased strongly during the last 6 months. In November, the average price per sq.feet was $805. In the following month the price per sq.feet decreased considerably to $289. The price for the following two months in (January, February) had a considerable increment of 128 %. The price per sq.feet has had a considerable increase of 325 % 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 $624.75 to $2,029 during March, and April.
Based upon to the price in Mexia (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $218,082. In December This price remains at $211,018. In the following two months the average price has remained the same with regard to the previous two months from $214,550 to $220,847. 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 2 bedrooms are the cheapest ones. At a price of $224,889 they are 47 % more affordable than the average price for Mexia. The properties with the highest average price have 1 bedroom, Their price is 151 % more costly than the average. After that we have properties with 4 bedrooms priced at $339,625.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $103 / sq.feet, with an average $389 / sq.feet price in Mexia. The properties with the highest average prices have 1 bedroom. They are 237 % more expensive than the average followed by properties with 3 bedrooms with a price at $132 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $224,889 it is 3 % more expensive than the average price in Mexia. "Land" is seen as the second dearest property type. The dearest property type is "Land" followed by "House". At a price of $231,215 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $135 / sq.feet followed by "Land" priced at $10,395 / sq.feet. "Land" is the most costly type of property with a $10,395 / sq.feet cost followed by "House" with an average price of $135 / sq.feet.