The prices in real estate in Northfield, in the Minnesota 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 Northfield has increased during the last 6 months. In December, the average price per sq.feet was $134. In the following month the price per sq.feet increased to $146. In the following two months the price per sq.feet has increased 106 %, going from $140 to $148.5 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 $144.25 to $153.5 during April, and May.
Based upon to the price in Northfield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is $226,496. During January the price went through a considerable rise reaching $267,501. During the following two months (February, March) the average price had a considerable increase of 133 % 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 risen strongly 173 % 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 $551,907 they are 53 % more affordable than the average price for Northfield. The properties with the lowest average price have 3 bedrooms, Their price is 50 % cheaper than the average. After that we have properties with 4 bedrooms priced at $277,239.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $680 / sq.feet, with an average $163 / sq.feet price in Northfield. The properties with the highest average prices have 1 bedroom. They are 955 % more expensive than the average followed by properties with 3 bedrooms with a price at $685 / sq.feet.
With regard to the average price based upon the property in Northfield we can see that the cheapest property type is "Land" at a price of $277,239, they are 50 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 50 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $680 / sq.feet. "Land" at an average price of $680 / sq.feet has the most expensive price and would be directed at more affluent cities.