The prices in real estate in Milwaukee, in the Wisconsin 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 Milwaukee has increased strongly during the last 6 months. In May, the average price per sq.feet was $96. In the following month the price per sq.feet increased considerably to $176. In the following two months the price per sq.feet has barely changed, going from $136 to $139 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 $137.5 to $146 during September, and October.
Based upon to the price in Milwaukee (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $185,216. During June the price went through a considerable rise reaching $374,049. During the following two months (July, August) the average price had a considerable reduction of 76 % 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 $246,470 to $200,038.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $202,662 they are 37 % more affordable than the average price for Milwaukee. The properties with the highest average price have 4 bedrooms, Their price is 102 % more costly than the average. After that we have properties with 3 bedrooms priced at $301,492.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $116 / sq.feet, with an average $144 / sq.feet price in Milwaukee. The properties with the highest average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $148 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $202,662 it is 41 % cheaper than the average price in Milwaukee. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Office". At a price of $169,712 it is 107 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $76 / sq.feet followed by "House" priced at $109 / sq.feet. "Condo" is the most costly type of property with a $280 / sq.feet cost followed by "Office" with an average price of $115 / sq.feet.