The prices in real estate in Oak Grove, in the Missouri region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Oak Grove has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $236. In January this price pretty much remained the same at a value of $240 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $190.25 to $178.5 during April, and May.
Based upon to the price in Oak Grove (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $480,450. In January This price remains at $474,175. During the following two months (February, March) the average price had a considerable reduction of 54 % with regard to the previous two months. 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 $368,399.75 and $350,074.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $417,214 they are 38 % more affordable than the average price for Oak Grove. The properties with the highest average price have 2 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 1 bedroom priced at $257,442.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $145 / sq.feet, with an average $196 / sq.feet price in Oak Grove. The properties with the highest average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $145 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $417,214 it is 38 % cheaper than the average price in Oak Grove. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $262,265 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $67 / sq.feet followed by "Office" priced at $68 / sq.feet. "House" is the most costly type of property with a $236 / sq.feet cost followed by "Townhouse" with an average price of $75 / sq.feet.