The prices in real estate in Oak Park, in the Illinois 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 Oak Park has increased during the last 6 months. In April, the average price per sq.feet was $203. In May this price pretty much remained the same at a value of $212 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $207.5 to $219 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $213.25 to $214.5 during August y September
Based upon to the price in Oak Park (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $438,585. During May the price went through a considerable rise reaching $518,796. During the following two months (June, July) the price has had an average incrementation from $478,690.5 to $521,270.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $499,980.5 to $446,906 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $415,453 they are 63 % more affordable than the average price for Oak Park. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $431,514.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $176 / sq.feet, with an average $215 / sq.feet price in Oak Park. The properties with the highest average prices have 4 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $218 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $415,453 it is 45 % cheaper than the average price in Oak Park. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $477,150 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $184 / sq.feet followed by "Land" priced at $205 / sq.feet. "House" is the most costly type of property with a $236 / sq.feet cost followed by "Townhouse" with an average price of $209 / sq.feet.