Property prices for sale in Morris (Illinois)
The prices in real estate in Morris, 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 Morris has increased strongly during the last 6 months. In November, the average price per sq.feet was $168. In December this price pretty much remained the same at a value of $168 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 2113 %. The price per sq.feet has had a considerable increase of 461 % 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 $1,859.25 to $8,579.5 during March, and April.
Based upon to the price in Morris (cities), this has gone up in the last 6 months. The average price for November is $354,400. During December the price had a slight fall till $301,904. During the following two months (January, February) the price has had an average incrementation from $328,152 to $374,369. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % 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 $465,986 they are 76 % more affordable than the average price for Morris. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $457,117.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $143 / sq.feet, with an average $1,712 / sq.feet price in Morris. The properties with the lowest average prices have 2 bedrooms. They are 85 % cheaper than the average followed by properties with 3 bedrooms with a price at $233 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $465,986 it is 62 % cheaper than the average price in Morris. "Detached House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $461,780 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $149 / sq.feet followed by "Condo" priced at $156 / sq.feet. "Land" is the most costly type of property with a $139,079 / sq.feet cost followed by "House" with an average price of $197 / sq.feet.
