The prices in real estate in Olney, in the Illinois 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 Olney has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $271. In the following month the price per sq.feet decreased considerably to $92. The price for the following two months in (December, January) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 $145.5 to $104.5 during February, and March.
Based upon to the price in Olney (cities), this has fallen considerably in the last 6 months. The average price for October is $352,950. During November the price had a considerable reduction till $175,888. During the following two months (December, January) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $236,321.25 to $182,459.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $204,741 they are 73 % more affordable than the average price for Olney. The properties with the highest average price have 1 bedroom, Their price is 69 % more costly than the average. After that we have properties with 3 bedrooms priced at $147,175.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $34 / sq.feet, with an average $102 / sq.feet price in Olney. The properties with the lowest average prices have 3 bedrooms. They are 24 % cheaper than the average followed by properties with 1 bedroom with a price at $75 / sq.feet.
With regard to the average price based upon the property in Olney we can see that the cheapest property type is "House" at a price of $124,659, they are 39 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 39 % 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 $34 / sq.feet. "House" with an average cost of $34 / sq.feet has the lowest price and would be directed at less affluent cities.