The prices in real estate in Muscle Shoals, in the Alabama 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 Muscle Shoals has increased during the last 6 months. In March, the average price per sq.feet was $162. In April this price pretty much remained the same at a value of $154 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $158 to $165 per sq.feet. The price per sq.feet has had a considerable increase of 133 % 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 $161.5 to $215.5 during July, and August.
Based upon to the price in Muscle Shoals (cities), this has gone up in the last 6 months. The average price for March is $370,244. During April the price had a slight fall till $314,719. During the following two months (May, June) the average price had a considerable increase of 121 % 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 gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $402,080 they are 44 % more affordable than the average price for Muscle Shoals. The properties with the lowest average price have 1 bedroom, Their price is 43 % cheaper than the average. After that we have properties with 3 bedrooms priced at $226,632.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $1,622 / sq.feet, with an average $264 / sq.feet price in Muscle Shoals. The properties with the highest average prices have 1 bedroom. They are 518 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,622 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $402,080 it is 71 % cheaper than the average price in Muscle Shoals. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Duplex". At a price of $155,373 it is 44 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $979 / sq.feet followed by "Land" priced at $1,622 / sq.feet. "Condo" is the most costly type of property with a $2,791 / sq.feet cost followed by "Land" with an average price of $1,622 / sq.feet.