Property prices for sale in Ooltewah (Tennessee)
The prices in real estate in Ooltewah, in the Tennessee 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 Ooltewah has increased strongly during the last 6 months. In October, the average price per sq.feet was $207. In the following month the price per sq.feet increased considerably to $264. The price for the following two months in (December, January) had a considerable increment of 214 %. The price per sq.feet has had a considerable increase of 324 % 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 $370.25 to $1,201 during February, and March.
Based upon to the price in Ooltewah (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $531,805. In November This price remains at $529,768. In the following two months the average price has remained the same with regard to the previous two months from $530,786.5 to $524,697. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $556,770 they are 50 % more affordable than the average price for Ooltewah. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $466,860.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $223 / sq.feet, with an average $1,957 / sq.feet price in Ooltewah. The properties with the lowest average prices have 1 bedroom. They are 65 % cheaper than the average followed by properties with 4 bedrooms with a price at $571 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $556,770 it is 46 % cheaper than the average price in Ooltewah. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $541,907 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $203 / sq.feet followed by "Condo" priced at $204 / sq.feet. "Land" is the most costly type of property with a $80,828 / sq.feet cost followed by "House" with an average price of $444 / sq.feet.
