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 October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $128. The price for the following two months in (December, January) had a considerable increment of 154 %. The price per sq.feet has had a considerable increase of 167 % 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 $81.25 to $135.5 during February, and March.
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 October, is . During November the price went through a considerable rise reaching $171,940. During the following two months (December, January) the average price had a considerable increase of 142 % 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 163 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $162,107 they are 4 % more affordable than the average price for Milwaukee. The properties with the highest average price have 2 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 1 bedroom priced at $213,066.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $95 / sq.feet, with an average $142 / sq.feet price in Milwaukee. The properties with the highest average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 2 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $162,107 it is 34 % cheaper than the average price in Milwaukee. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $120,869 it is 116 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $74 / sq.feet followed by "Land" priced at $95 / sq.feet. "Condo" is the most costly type of property with a $850 / sq.feet cost followed by "House" with an average price of $155 / sq.feet.