The prices in real estate in Oakwood, in the Illinois 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 Oakwood has increased strongly during the last 6 months. In October, the average price per sq.feet was $118. In the following month the price per sq.feet increased considerably to $616. The price for the following two months in (December, January) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable increase of 6258 % 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 $252.25 to $15,786 during February, and March.
Based upon to the price in Oakwood (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $195,000. In November This price remains at $193,540. During the following two months (December, January) the average price had a considerable increase of 121 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $215,078 to $193,168 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $184,950 they are 53 % more affordable than the average price for Oakwood. The properties with the highest average price have 4 bedrooms, Their price is 176 % more costly than the average. After that we have properties with 3 bedrooms priced at $212,086.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $33 / sq.feet, with an average $20,054 / sq.feet price in Oakwood. The properties with the lowest average prices have 4 bedrooms. They are 99 % cheaper than the average followed by properties with 1 bedroom with a price at $110 / sq.feet.
With regard to the average price based upon the property in Oakwood we can see that most expensive property type is "House" at a price of $187,898, they are 2 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 2 % more expensive 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 $66 / sq.feet. "House" with an average cost of $66 / sq.feet has the lowest price and would be directed at less affluent cities.