The prices in real estate in Mitchellville, in the Iowa 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 Mitchellville has increased strongly during the last 6 months. In October, the average price per sq.feet was $163. In the following month the price per sq.feet increased considerably to $225. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has increased 110 % 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 $180.75 to $199.5 during February, and March.
Based upon to the price in Mitchellville (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $225,008. During November the price went through a considerable rise reaching $346,480. In the following two months the average price has remained the same with regard to the previous two months from $285,744 to $287,540. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % 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 $362,740 they are 56 % more affordable than the average price for Mitchellville. The properties with the lowest average price have 1 bedroom, Their price is 56 % cheaper than the average. After that we have properties with 2 bedrooms priced at $160,883.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $94 / sq.feet, with an average $195 / sq.feet price in Mitchellville. The properties with the lowest average prices have 1 bedroom. They are 51 % cheaper than the average followed by properties with 2 bedrooms with a price at $94 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $362,740 it is 56 % cheaper than the average price in Mitchellville. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $160,883 it is 46 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $94 / sq.feet followed by "House" priced at $6,593 / sq.feet. "House" is the most costly type of property with a $6,593 / sq.feet cost followed by "Apartment" with an average price of $94 / sq.feet.