Property prices for sale in Minneapolis (Minnesota)
The prices in real estate in Minneapolis, in the Minnesota region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Minneapolis has increased during the last 6 months. In November, the average price per sq.feet was $233. In the following month the price per sq.feet increased to $261. The price for the following two months in (January, February) decreased 95 % with regard to the prior two months. The price per sq.feet has increased 110 % 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 $240.75 to $264.5 during March, and April.
Based upon to the price in Minneapolis (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $375,311. During December the price went through a considerable rise reaching $511,036. During the following two months (January, February) the average price fell 94 % 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 137 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $605,995 they are 67 % more affordable than the average price for Minneapolis. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $475,947.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $249 / sq.feet, with an average $271 / sq.feet price in Minneapolis. The properties with the highest average prices have 2 bedrooms. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $258 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $605,995 it is 29 % cheaper than the average price in Minneapolis. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $598,233 it is 13 % 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 $260 / sq.feet followed by "Townhouse" priced at $280 / sq.feet. "Land" is the most costly type of property with a $480 / sq.feet cost followed by "Condo" with an average price of $308 / sq.feet.
