Property prices for sale in Monteagle (Tennessee)
The prices in real estate in Monteagle, in the Tennessee 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 Monteagle has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $6,268. In the following month the price per sq.feet decreased considerably to $427. The price for the following two months in (December, January) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable increase of 429 % 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 $1,863 to $7,983.5 during February, and March.
Based upon to the price in Monteagle (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $417,494. During November the price went through a considerable rise reaching $611,703. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $501,139.25 to $353,463, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $392,229 they are 21 % more affordable than the average price for Monteagle. The properties with the highest average price have 4 bedrooms, Their price is 198 % more costly than the average. After that we have properties with 3 bedrooms priced at $480,530.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $264 / sq.feet, with an average $9,660 / sq.feet price in Monteagle. The properties with the lowest average prices have 1 bedroom. They are 94 % cheaper than the average followed by properties with 4 bedrooms with a price at $300 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $392,229 it is 71 % cheaper than the average price in Monteagle. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $112,506 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $315 / sq.feet followed by "Land" priced at $34,729 / sq.feet. "Land" is the most costly type of property with a $34,729 / sq.feet cost followed by "House" with an average price of $315 / sq.feet.
