The prices in real estate in Minooka, in the Illinois 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 Minooka has increased strongly during the last 6 months. In September, the average price per sq.feet was $168. In October this price pretty much remained the same at a value of $173 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $170.5 to $174 per sq.feet. The price per sq.feet has had a considerable increase of 1186 % 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 $172.25 to $2,043 during January, and February.
Based upon to the price in Minooka (cities), these have remained the same in the last 6 months. The average price for September is $399,150. During October the price had a slight fall till $358,542. In the following two months the average price has remained the same with regard to the previous two months from $378,846 to $360,435. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $471,083 they are 71 % more affordable than the average price for Minooka. The properties with the lowest average price have 4 bedrooms, Their price is 41 % cheaper than the average. After that we have properties with 1 bedroom priced at $260,565.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $43 / sq.feet, with an average $3,921 / sq.feet price in Minooka. The properties with the lowest average prices have 3 bedrooms. They are 98 % cheaper than the average followed by properties with 1 bedroom with a price at $56 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $471,083 it is 49 % cheaper than the average price in Minooka. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $260,326 it is 44 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $35 / sq.feet followed by "Townhouse" priced at $39 / sq.feet. "Duplex" is the cheapest type of property with a $59 / sq.feet value followed by "House" with an average price of $57 / sq.feet.