Property prices for sale in Mountain City (Tennessee)
The prices in real estate in Mountain City, in the Tennessee 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 Mountain City has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,293. In the following month the price per sq.feet decreased considerably to $272. The price for the following two months in (December, January) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable increase of 984 % 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 $498 to $4,899.5 during February, and March.
Based upon to the price in Mountain City (cities), this has gone downing the last 6 months. The price in October is $389,279, rising in November till $417,484. During the following two months (December, January) the average price fell 87 % 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 $377,024.75 to $281,490, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $266,206 they are 53 % more affordable than the average price for Mountain City. The properties with the highest average price have 4 bedrooms, Their price is 75 % more costly than the average. After that we have properties with 3 bedrooms priced at $350,371.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $181 / sq.feet, with an average $6,490 / sq.feet price in Mountain City. The properties with the lowest average prices have 1 bedroom. They are 94 % cheaper than the average followed by properties with 2 bedrooms with a price at $252 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $266,206 it is 66 % cheaper than the average price in Mountain City. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $260,000 it is 43 % 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 $145 / sq.feet followed by "House" priced at $214 / sq.feet. "Land" is the most costly type of property with a $19,337 / sq.feet cost followed by "House" with an average price of $214 / sq.feet.
