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 January, the average price per sq.feet was $161. In the following month the price per sq.feet increased considerably to $204. The price for the following two months in (March, April) had a considerable increment of 116 %. 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 $197.5 to $217.5 during May, and June.
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 January, is $255,080. During February the price went through a considerable rise reaching $389,643. During the following two months (March, April) the average price had a considerable increase of 129 % 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 109 % 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 $314,881 they are 49 % more affordable than the average price for Mitchellville. The properties with the lowest average price have 1 bedroom, Their price is 49 % cheaper than the average. After that we have properties with 2 bedrooms priced at $160,400.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $91 / sq.feet, with an average $203 / sq.feet price in Mitchellville. The properties with the lowest average prices have 1 bedroom. They are 54 % cheaper than the average followed by properties with 2 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $314,881 it is 49 % 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 $160,400 it is 38 % 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 $91 / sq.feet followed by "House" priced at $6,572 / sq.feet. "House" is the most costly type of property with a $6,572 / sq.feet cost followed by "Apartment" with an average price of $91 / sq.feet.