The prices in real estate in Ooltewah, in the Tennessee region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Ooltewah has increased during the last 6 months. In July, the average price per sq.feet was $145. In August this price pretty much remained the same at a value of $151 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $148 to $155 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $151.5 to $158.5 during November y December
Based upon to the price in Ooltewah (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $496,823. In August This price remains at $512,276. During the following two months (September, October) the average price fell 94 % 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 gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $469,846 they are 6 % more affordable than the average price for Ooltewah. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 4 bedrooms priced at $461,386.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $131 / sq.feet, with an average $153 / sq.feet price in Ooltewah. The properties with the lowest average prices have 3 bedrooms. They are 7 % cheaper than the average followed by properties with 1 bedroom with a price at $141 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $469,846 it is 26 % cheaper than the average price in Ooltewah. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $380,008 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $102 / sq.feet followed by "Duplex" priced at $105 / sq.feet. "Apartment" is the cheapest type of property with a $131 / sq.feet value followed by "Duplex" with an average price of $105 / sq.feet.