Property prices for sale in Minot (North Dakota)
The prices in real estate in Minot, in the North Dakota region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Minot has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $440. In the following month the price per sq.feet decreased considerably to $279. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable increase of 122 % 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 $277.25 to $339 during February, and March.
Based upon to the price in Minot (cities), this has gone downing the last 6 months. The average price for October is $257,475. During November the price had a slight fall till $241,406. During the following two months (December, January) 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 gone up 106 % 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 $265,128 they are 64 % more affordable than the average price for Minot. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $271,844.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $65 / sq.feet, with an average $350 / sq.feet price in Minot. The properties with the lowest average prices have 3 bedrooms. They are 60 % cheaper than the average followed by properties with 4 bedrooms with a price at $125 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $265,128 it is 55 % cheaper than the average price in Minot. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $295,805 it is 80 % 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 $91 / sq.feet followed by "Townhouse" priced at $100 / sq.feet. "Land" is the most costly type of property with a $28,895 / sq.feet cost followed by "Detached House" with an average price of $146 / sq.feet.
