Property prices for sale in Monticello (Illinois)
The prices in real estate in Monticello, in the Illinois 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 Monticello has increased strongly during the last 6 months. In March, the average price per sq.feet was $118. In the following month the price per sq.feet increased considerably to $164. In the following two months the price per sq.feet has increased 110 %, going from $141 to $155 per sq.feet. The price per sq.feet has increased 111 % 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 $148 to $164 during July, and August.
Based upon to the price in Monticello (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $200,147. During April the price went through a considerable rise reaching $285,457. During the following two months (May, June) the average price had a considerable increase of 117 % 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 119 % 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 $311,394 they are 62 % more affordable than the average price for Monticello. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $242,274.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $58 / sq.feet, with an average $161 / sq.feet price in Monticello. The properties with the lowest average prices have 4 bedrooms. They are 46 % cheaper than the average followed by properties with 3 bedrooms with a price at $81 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $311,394 it is 40 % cheaper than the average price in Monticello. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $185,511 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $10 / sq.feet followed by "House" priced at $77 / sq.feet. "House" is the cheapest type of property with a $77 / sq.feet value followed by "Commercial" with an average price of $10 / sq.feet.
