The prices in real estate in Olney, 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 Olney has increased strongly during the last 6 months. In February, the average price per sq.feet was $62. In the following month the price per sq.feet increased considerably to $89. In the following two months the price per sq.feet has barely changed, going from $75.5 to $77 per sq.feet. The price per sq.feet has had a considerable increase of 574 % 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 $76.25 to $437.5 during June, and July.
Based upon to the price in Olney (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $145,100. In March This price remains at $138,560. During the following two months (April, May) the price has had an average incrementation from $141,830 to $158,869. Based on an analysis of the first four prices and the last two months the average price has risen strongly 362 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 85 % cheaper than the average price of $128,344 in Olney. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 85 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 92 % cheaper than the average price of ($63 / sq.feet) in Olney. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 92 % cheaper than the average value aforementioned.
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 $128,344, they are 85 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 85 % 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 $63 / sq.feet. "House" with an average cost of $63 / sq.feet has the lowest price and would be directed at less affluent cities.