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 $214. In the following month the price per sq.feet increased to $231. In the following two months the price per sq.feet has barely changed, going from $222.5 to $221 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $221.75 to $231.5 during March y April
Based upon to the price in Minneapolis (cities), this has gone downing the last 6 months. The price in November is $393,071, rising in December till $419,279. During the following two months (January, February) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $376,717.25 to $351,790 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $348,815 they are 38 % more affordable than the average price for Minneapolis. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $334,217.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $231 / sq.feet price in Minneapolis. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $196 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $348,815 it is 8 % cheaper than the average price in Minneapolis. "Duplex" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Land". At a price of $443,657 it is 39 % 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 $170 / sq.feet followed by "House" priced at $223 / sq.feet. "Land" is the most costly type of property with a $516 / sq.feet cost followed by "Condo" with an average price of $294 / sq.feet.