The prices in real estate in Muncie, in the Indiana 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 Muncie has increased strongly during the last 6 months. In March, the average price per sq.feet was $137. In the following month the price per sq.feet increased considerably to $423. The price for the following two months in (May, June) had a considerable increment of 409 %. The price per sq.feet has had a considerable increase of 199 % 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 $712 to $1,416.5 during July, and August.
Based upon to the price in Muncie (cities), this has gone up in the last 6 months. The price in March is $111,360, rising in April till $118,916. In the following two months the average price has remained the same with regard to the previous two months from $115,138 to $115,840. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $129,458 they are 73 % more affordable than the average price for Muncie. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $101,844.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $41 / sq.feet, with an average $1,235 / sq.feet price in Muncie. The properties with the lowest average prices have 4 bedrooms. They are 94 % cheaper than the average followed by properties with 3 bedrooms with a price at $62 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $129,458 it is 58 % cheaper than the average price in Muncie. "House" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Commercial". At a price of $88,141 it is 32 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $41 / sq.feet followed by "Commercial" priced at $46 / sq.feet. "House" is the cheapest type of property with a $292 / sq.feet value followed by "Townhouse" with an average price of $276 / sq.feet.