Property prices for sale in Olive Branch (Mississippi)
The prices in real estate in Olive Branch, in the Mississippi 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 Olive Branch has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,647. In the following month the price per sq.feet decreased to $3,154. The price for the following two months in (December, January) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $2,918 to $2,354 during February, and March.
Based upon to the price in Olive Branch (cities), this has gone downing the last 6 months. The average price for October is $423,030. During November the price had a slight fall till $385,350. In the following two months the average price has remained the same with regard to the previous two months from $404,190 to $408,699.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $406,444.75 to $382,025 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $393,295 they are 36 % more affordable than the average price for Olive Branch. The properties with the lowest average price have 2 bedrooms, Their price is 34 % cheaper than the average. After that we have properties with 1 bedroom priced at $252,056.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $66 / sq.feet, with an average $3,028 / sq.feet price in Olive Branch. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 2 bedrooms with a price at $66 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $393,295 it is 36 % cheaper than the average price in Olive Branch. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $259,144 it is 34 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $50 / sq.feet followed by "Condo" priced at $60 / sq.feet. "House" is the cheapest type of property with a $66 / sq.feet value followed by "Condo" with an average price of $60 / sq.feet.
