Property prices for sale in Oak Park (Illinois)
The prices in real estate in Oak Park, in the Illinois region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Oak Park has remained the same in the last 6 months. In October, the average price per sq.feet was $260. In the following month the price per sq.feet decreased to $245. In the following two months the price per sq.feet has barely changed, going from $252.5 to $264 per sq.feet. The price per sq.feet has increased 109 % 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 $258.25 to $281.5 during February, and March.
Based upon to the price in Oak Park (cities), this has gone up in the last 6 months. The average price for October is $489,146. During November the price had a slight fall till $446,369. During the following two months (December, January) the price has had an average incrementation from $467,757.5 to $504,479. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $546,105 they are 77 % more affordable than the average price for Oak Park. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $536,739.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $187 / sq.feet, with an average $293 / sq.feet price in Oak Park. The properties with the highest average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $304 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $546,105 it is 40 % cheaper than the average price in Oak Park. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $438,776 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $218 / sq.feet followed by "Townhouse" priced at $248 / sq.feet. "Land" is the most costly type of property with a $816 / sq.feet cost followed by "Condo" with an average price of $304 / sq.feet.
