The prices in real estate in Normal, in the Illinois 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 Normal has increased during the last 6 months. In September, the average price per sq.feet was $76. In the following month the price per sq.feet increased to $85. In the following two months the price per sq.feet has barely changed, going from $80.5 to $79 per sq.feet. The price per sq.feet has increased 106 % 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 $79.75 to $84.5 during January, and February.
Based upon to the price in Normal (cities), these have remained the same in the last 6 months. The price in September is $168,334, rising in October till $179,426. In the following two months the average price has remained the same with regard to the previous two months from $173,880 to $168,199. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $171,039.5 and $172,814.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $185,486 they are 43 % more affordable than the average price for Normal. The properties with the highest average price have 3 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 4 bedrooms priced at $181,948.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $62 / sq.feet, with an average $84 / sq.feet price in Normal. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $87 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $185,486 it is 33 % cheaper than the average price in Normal. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $181,948 it is 9 % 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 $32 / sq.feet followed by "Townhouse" priced at $57 / sq.feet. "Apartment" is the cheapest type of property with a $62 / sq.feet value followed by "Townhouse" with an average price of $57 / sq.feet.