The prices in real estate in Norman, in the Oklahoma 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 Norman has increased strongly during the last 6 months. In April, the average price per sq.feet was $132. In May this price pretty much remained the same at a value of $136 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 282 %. The price per sq.feet has had a considerable deflation of 45 % 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 $255.75 to $115.5 during August, and September.
Based upon to the price in Norman (cities), this has gone downing the last 6 months. The average price for April is $278,415. During May the price had a slight fall till $258,581. In the following two months the average price has remained the same with regard to the previous two months from $268,498 to $271,731.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $270,114.75 to $238,239.5 in August and September.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 4 % more costly than the average price of $250,397 in Norman. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 4 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 552 % more costly than the average price of ($776 / sq.feet) in Norman. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 552 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $239,731 it is 4 % more expensive than the average price in Norman. "Duplex" is seen as the second dearest property type. The dearest property type is "Office" followed by "Duplex". At a price of $285,715 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $118 / sq.feet followed by "Office" priced at $123 / sq.feet. "Apartment" is the most costly type of property with a $776 / sq.feet cost followed by "Office" with an average price of $123 / sq.feet.