Property prices for sale in Muncie (Indiana)
The prices in real estate in Muncie, in the Indiana region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Muncie has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $204. In the following month the price per sq.feet decreased considerably to $97. The price for the following two months in (December, January) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable increase of 175 % 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 $123.25 to $215.5 during February, and March.
Based upon to the price in Muncie (cities), this has gone up in the last 6 months. The price in October is $164,754, rising in November till $174,942. In the following two months the average price has remained the same with regard to the previous two months from $169,848 to $168,856.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $182,034 they are 75 % more affordable than the average price for Muncie. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $186,013.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $65 / sq.feet, with an average $326 / sq.feet price in Muncie. The properties with the highest average prices have 3 bedrooms. They are 70 % more expensive than the average followed by properties with 4 bedrooms with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $182,034 it is 72 % cheaper than the average price in Muncie. "" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $189,417 it is 28 % 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 $103 / sq.feet followed by "Townhouse" priced at $233 / sq.feet. "Land" is the most costly type of property with a $16,584 / sq.feet cost followed by "House" with an average price of $380 / sq.feet.
