The prices in real estate in Morton, in the Illinois 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 Morton has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $114. In December this price pretty much remained the same at a value of $114 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 $101.25 to $73 during March, and April.
Based upon to the price in Morton (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $252,150. In December This price remains at $242,857. During the following two months (January, February) the average price had a considerable reduction of 81 % 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 $224,299.75 to $170,788.5, which means a 76 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 55 % more costly than the average price of $203,238 in Morton. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 55 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 48 % more costly than the average price of ($90 / sq.feet) in Morton. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 48 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $131,053 it is 20 % cheaper than the average price in Morton. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $104,688 it is 55 % more expensive 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 $90 / sq.feet followed by "Townhouse" priced at $98 / sq.feet. "Townhouse" is the most costly type of property with a $98 / sq.feet cost followed by "House" with an average price of $90 / sq.feet.