The prices in real estate in New Baden, in the Illinois 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 New Baden has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $83. In March this price pretty much remained the same at a value of $79 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable increase of 130 % 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 $58.25 to $76 during June, and July.
Based upon to the price in New Baden (cities), this has fallen considerably in the last 6 months. The average price for February is $309,900. During March the price had a considerable reduction till $189,338. During the following two months (April, May) the average price had a considerable reduction of 34 % 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 $167,592.75 to $126,248, which means a 75 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 8 % more costly than the average price of $129,964 in New Baden. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 8 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 44 % cheaper than the average price of ($42 / sq.feet) in New Baden. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 44 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in New Baden we can see that most expensive property type is "House" at a price of $152,440, they are 27 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 27 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $53 / sq.feet. "House" with an average cost of $53 / sq.feet has the lowest price and would be directed at less affluent cities.