The prices in real estate in Norfolk, in the Nebraska 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 Norfolk has increased strongly during the last 6 months. In April, the average price per sq.feet was $36. In the following month the price per sq.feet decreased to $33. The price for the following two months in (June, July) had a considerable increment of 187 %. The price per sq.feet has had a considerable increase of 184 % 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 $49.5 to $91 during August, and September.
Based upon to the price in Norfolk (cities), these have remained the same in the last 6 months. The average price for April is $199,892. During May the price had a considerable reduction till $163,424. During the following two months (June, July) the price has had an average incrementation from $181,658 to $197,622. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $211,493 they are 31 % more affordable than the average price for Norfolk. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 3 bedrooms priced at $254,522.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $90 / sq.feet, with an average $94 / sq.feet price in Norfolk. The properties with the highest average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 3 bedrooms with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $211,493 it is 54 % cheaper than the average price in Norfolk. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $204,957 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $91 / sq.feet followed by "Condo" priced at $131 / sq.feet. "Townhouse" is the most costly type of property with a $845 / sq.feet cost followed by "Land" with an average price of $294 / sq.feet.