The prices in real estate in Mount Prospect, in the Illinois region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Mount Prospect has remained the same in the last 6 months. In December, the average price per sq.feet was $194. In the following month the price per sq.feet decreased to $183. In the following two months the price per sq.feet has barely changed, going from $188.5 to $192.5 per sq.feet. The price per sq.feet has increased 106 % 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 $190.5 to $201 during April, and May.
Based upon to the price in Mount Prospect (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $304,035. In January This price remains at $298,846. In the following two months the average price has remained the same with regard to the previous two months from $301,440.5 to $301,625.5. 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 $323,873 they are 65 % more affordable than the average price for Mount Prospect. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $327,946.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $136 / sq.feet, with an average $203 / sq.feet price in Mount Prospect. The properties with the highest average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at $201 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $323,873 it is 45 % 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 $256,328 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $149 / sq.feet followed by "Commercial Property" priced at $156 / sq.feet. "House" is the most costly type of property with a $212 / sq.feet cost followed by "Townhouse" with an average price of $176 / sq.feet.