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 April, the average price per sq.feet was $178. In May this price pretty much remained the same at a value of $186 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $182 to $196 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $189 to $190 during August y September
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 April, is $300,757. During May the price went through a considerable rise reaching $466,159. In the following two months the average price has remained the same with regard to the previous two months from $383,458 to $393,460.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $388,459.25 and $374,363.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $351,080 they are 50 % more affordable than the average price for Mount Prospect. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $341,793.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $170 / sq.feet, with an average $194 / sq.feet price in Mount Prospect. The properties with the highest average prices have 4 bedrooms. They are 3 % more expensive than the average followed by properties with 3 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $351,080 it is 41 % cheaper than the average price in Mount Prospect. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $408,070 it is 212 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $120 / sq.feet followed by "Townhouse" priced at $137 / sq.feet. "House" is the most costly type of property with a $209 / sq.feet cost followed by "Commercial Property" with an average price of $164 / sq.feet.