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 $207. In the following month the price per sq.feet decreased to $192. In the following two months the price per sq.feet has barely changed, going from $199.5 to $200.5 per sq.feet. The price per sq.feet has had a considerable increase of 131 % 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 $200 to $261 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 for November is $332,761. During December the price had a slight fall till $284,211. During the following two months (January, February) the price has had an average incrementation from $308,486 to $352,294.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 175 % 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 $585,859 they are 62 % more affordable than the average price for Minneapolis. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $366,214.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $195 / sq.feet, with an average $259 / sq.feet price in Minneapolis. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $253 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $585,859 it is 52 % cheaper than the average price in Minneapolis. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $449,022 it is 2 % 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 $182 / sq.feet followed by "Townhouse" priced at $187 / sq.feet. "Condo" is the most costly type of property with a $4,174 / sq.feet cost followed by "Land" with an average price of $528 / sq.feet.