The prices in real estate in Mount Vernon, 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 Mount Vernon has increased strongly during the last 6 months. In February, the average price per sq.feet was $71. In March this price pretty much remained the same at a value of $71 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 125 %. The price per sq.feet has increased 109 % 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 $80 to $87 during June, and July.
Based upon to the price in Mount Vernon (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $137,468. In March This price remains at $133,585. During the following two months (April, May) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 162 % 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 $155,108 they are 69 % more affordable than the average price for Mount Vernon. The properties with the highest average price have 4 bedrooms, Their price is 72 % more costly than the average. After that we have properties with 3 bedrooms priced at $221,018.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $46 / sq.feet, with an average $69 / sq.feet price in Mount Vernon. The properties with the highest average prices have 3 bedrooms. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at $81 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $155,108 it is 63 % cheaper than the average price in Mount Vernon. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $188,866 it is 94 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $35 / sq.feet followed by "House" priced at $91 / sq.feet. "Commercial" is the most costly type of property with a $532 / sq.feet cost followed by "Apartment" with an average price of $113 / sq.feet.