The prices in real estate in Midlothian, in the Texas region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Midlothian has fallen in the last 6 months. In October, the average price per sq.feet was $2,964. In the following month the price per sq.feet increased to $3,351. The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has decreased 86 % 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 $2,832.5 to $2,422.5 during February, and March.
Based upon to the price in Midlothian (cities), these have remained the same in the last 6 months. The average price for October is $525,913. During November the price had a slight fall till $497,092. In the following two months the average price has remained the same with regard to the previous two months from $511,502.5 to $527,785. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $519,643.75 and $525,299.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $510,985 they are 36 % more affordable than the average price for Midlothian. The properties with the lowest average price have 1 bedroom, Their price is 34 % cheaper than the average. After that we have properties with 2 bedrooms priced at $327,839.
With regard to the average prices per sq.feet those properties with 1 bedroom are 97 % cheaper than the average price of ($100 / sq.feet) in Midlothian. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 97 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $510,985 it is 41 % cheaper than the average price in Midlothian. "Detached House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $316,330 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $47 / sq.feet followed by "Detached House" priced at $74 / sq.feet. "House" is the cheapest type of property with a $100 / sq.feet value followed by "Apartment" with an average price of $95 / sq.feet.