The prices in real estate in Mount Prospect, in the Illinois region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Mount Prospect has increased during the last 6 months. In February, the average price per sq.feet was $199. In the following month the price per sq.feet increased to $214. In the following two months the price per sq.feet has increased 106 %, going from $206.5 to $219.5 per sq.feet. The price per sq.feet has increased 107 % 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 $213 to $228 during June, and July.
Based upon to the price in Mount Prospect (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $303,314. During March the price went through a considerable rise reaching $355,623. During the following two months (April, May) the price has had an average incrementation from $329,468.5 to $377,617.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $381,333 they are 66 % more affordable than the average price for Mount Prospect. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $384,385.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $155 / sq.feet, with an average $227 / sq.feet price in Mount Prospect. The properties with the highest average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 4 bedrooms with a price at $230 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $381,333 it is 47 % cheaper than the average price in Mount Prospect. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $311,843 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $142 / sq.feet followed by "Condo" priced at $168 / sq.feet. "House" is the most costly type of property with a $239 / sq.feet cost followed by "Townhouse" with an average price of $187 / sq.feet.