The prices in real estate in Oak Grove, in the Kentucky 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 Oak Grove has increased strongly during the last 6 months. In November, the average price per sq.feet was $75. In December this price pretty much remained the same at a value of $75 per sq.feet. The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1051 % 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 $71 to $746.5 during March, and April.
Based upon to the price in Oak Grove (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $88,087. In December This price remains at $88,087. In the following two months the average price has remained the same with regard to the previous two months from $88,087 to $85,055. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $87,998 they are 10 % more affordable than the average price for Oak Grove. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $79,298.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $56 / sq.feet, with an average $74 / sq.feet price in Oak Grove. The properties with the lowest average prices have 1 bedroom. They are 15 % cheaper than the average followed by properties with 3 bedrooms with a price at $56 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $87,998 it is 15 % cheaper than the average price in Oak Grove. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $86,942 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $47 / sq.feet followed by "Townhouse" priced at $62 / sq.feet. "Apartment" is the cheapest type of property with a $63 / sq.feet value followed by "Townhouse" with an average price of $62 / sq.feet.