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 November, the average price per sq.feet was $51. In December this price pretty much remained the same at a value of $53 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 151 %. The price per sq.feet has had a considerable increase of 133 % 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 $65.25 to $86.5 during March, and April.
Based upon to the price in Olney (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $79,598. During December the price went through a considerable rise reaching $94,600. During the following two months (January, February) the average price had a considerable increase of 179 % 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 159 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $182,569 they are 69 % more affordable than the average price for Olney. The properties with the highest average price have 1 bedroom, Their price is 92 % more costly than the average. After that we have properties with 3 bedrooms priced at $148,660.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $44 / sq.feet, with an average $93 / sq.feet price in Olney. The properties with the lowest average prices have 3 bedrooms. They are 5 % cheaper than the average followed by properties with 1 bedroom with a price at $85 / 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 $125,917, 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 $44 / sq.feet. "House" with an average cost of $44 / sq.feet has the lowest price and would be directed at less affluent cities.