The prices in real estate in Mishawaka, in the Indiana 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 Mishawaka has increased during the last 6 months. In March, the average price per sq.feet was $112. In the following month the price per sq.feet increased to $121. In the following two months the price per sq.feet has barely changed, going from $116.5 to $119 per sq.feet. The price per sq.feet has increased 108 % 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 $117.75 to $127 during July, and August.
Based upon to the price in Mishawaka (cities), this has gone up considerably in the last 6 months. The price in March is $194,768, rising in April till $215,277. During the following two months (May, June) the average price had a considerable increase of 118 % 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 107 % 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 $244,564 they are 64 % more affordable than the average price for Mishawaka. The properties with the highest average price have 1 bedroom, Their price is 6 % more costly than the average. After that we have properties with 4 bedrooms priced at $218,342.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $79 / sq.feet, with an average $132 / sq.feet price in Mishawaka. The properties with the lowest average prices have 1 bedroom. They are 11 % cheaper than the average followed by properties with 3 bedrooms with a price at $102 / sq.feet.
The graph displaying the average prices displays the property type "Triplex" as the most affordable one. At an cost of $244,564 it is 37 % cheaper than the average price in Mishawaka. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $261,022 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Triplex" at an average cost of $75 / sq.feet followed by "Office" priced at $81 / sq.feet. "House" is the cheapest type of property with a $127 / sq.feet value followed by "Condo" with an average price of $115 / sq.feet.