The prices in real estate in Minooka, in the Illinois region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Minooka has fallen in the last 6 months. In April, the average price per sq.feet was $159. In the following month the price per sq.feet decreased to $144. In the following two months the price per sq.feet has barely changed, going from $151.5 to $145.5 per sq.feet. The price per sq.feet has decreased 93 % 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 $148.5 to $137.5 during August, and September.
Based upon to the price in Minooka (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during April, is $426,818. During May the price went through a considerable rise reaching $591,963. During the following two months (June, July) the average price had a considerable reduction of 62 % 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 $411,857 to $276,606, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $262,961 they are 45 % more affordable than the average price for Minooka. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 1 bedroom priced at $271,496.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $84 / sq.feet, with an average $127 / sq.feet price in Minooka. The properties with the lowest average prices have 3 bedrooms. They are 17 % cheaper than the average followed by properties with 1 bedroom with a price at $97 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $262,961 it is 5 % cheaper than the average price in Minooka. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $271,248 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $76 / sq.feet followed by "Townhouse" priced at $80 / sq.feet. "Duplex" is the cheapest type of property with a $100 / sq.feet value followed by "House" with an average price of $98 / sq.feet.