Property prices for sale in Milan (Illinois)
The prices in real estate in Milan, 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 Milan has increased strongly during the last 6 months. In October, the average price per sq.feet was $111. In the following month the price per sq.feet increased considerably to $2,924. The price for the following two months in (December, January) had a considerable increment of 253 %. The price per sq.feet has had a considerable increase of 766 % 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 $2,676 to $20,500 during February, and March.
Based upon to the price in Milan (cities), this has fallen considerably in the last 6 months. The average price for October is $297,967. During November the price had a considerable reduction till $182,180. During the following two months (December, January) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $215,114 to $132,203, which means a 61 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $116,838 they are 27 % more affordable than the average price for Milan. The properties with the highest average price have 4 bedrooms, Their price is 112 % more costly than the average. After that we have properties with 3 bedrooms priced at $198,096.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $47 / sq.feet, with an average $18,239 / sq.feet price in Milan. The properties with the lowest average prices have 4 bedrooms. They are 100 % cheaper than the average followed by properties with 3 bedrooms with a price at $66 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $116,838 it is 50 % more expensive than the average price in Milan. "Condo" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Condo". At a price of $659,040 it is 485 % 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 $60 / sq.feet followed by "Condo" priced at $84 / sq.feet. "Apartment" is the cheapest type of property with a $116 / sq.feet value followed by "Condo" with an average price of $84 / sq.feet.
