Property prices for sale in Monroe (Louisiana)
The prices in real estate in Monroe, in the Louisiana 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 Monroe has increased strongly during the last 6 months. In November, the average price per sq.feet was $157. In the following month the price per sq.feet increased considerably to $235. The price for the following two months in (January, February) had a considerable increment of 602 %. The price per sq.feet has had a considerable deflation of 19 % 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 $687.5 to $133.5 during March, and April.
Based upon to the price in Monroe (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $283,109. In December This price remains at $293,565. During the following two months (January, February) the average price had a considerable reduction of 76 % 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 risen strongly 121 % 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 $325,471 they are 47 % more affordable than the average price for Monroe. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $198,217.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $111 / sq.feet, with an average $138 / sq.feet price in Monroe. The properties with the highest average prices have 4 bedrooms. They are 46 % more expensive than the average followed by properties with 1 bedroom with a price at $157 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $325,471 it is 81 % cheaper than the average price in Monroe. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $159,420 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $150 / sq.feet followed by "Farm" priced at $881 / sq.feet. "Apartment" is the most costly type of property with a $23,952 / sq.feet cost followed by "Detached House" with an average price of $901 / sq.feet.
