The prices in real estate in Oakwood, 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 Oakwood has increased during the last 6 months. In March, the average price per sq.feet was $107. In the following month the price per sq.feet increased to $115. In the following two months the price per sq.feet has increased 110 %, going from $111 to $122 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 $116.5 to $126.5 during July, and August.
Based upon to the price in Oakwood (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $177,496. In April This price remains at $177,135. During the following two months (May, June) the average price had a considerable increase of 145 % 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 118 % 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 $273,500 they are 68 % more affordable than the average price for Oakwood. The properties with the highest average price have 4 bedrooms, Their price is 88 % more costly than the average. After that we have properties with 3 bedrooms priced at $213,580.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $40 / sq.feet, with an average $128 / sq.feet price in Oakwood. The properties with the lowest average prices have 4 bedrooms. They are 5 % cheaper than the average followed by properties with 1 bedroom with a price at $82 / sq.feet.
With regard to the average price based upon the property in Oakwood we can see that the cheapest property type is "House" at a price of $189,223, they are 31 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 31 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $73 / sq.feet. "House" with an average cost of $73 / sq.feet has the lowest price and would be directed at less affluent cities.