Property prices for sale in Opelika (Alabama)
The prices in real estate in Opelika, in the Alabama 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 Opelika has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,887. In November this price pretty much remained the same at a value of $3,866 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $3,144.5 to $2,661 during February, and March.
Based upon to the price in Opelika (cities), these have remained the same in the last 6 months. The average price for October is $367,681. During November the price had a slight fall till $348,976. In the following two months the average price has remained the same with regard to the previous two months from $358,328.5 to $365,281. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $361,804.75 and $357,478 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $338,271 they are 36 % more affordable than the average price for Opelika. The properties with the lowest average price have 1 bedroom, Their price is 31 % cheaper than the average. After that we have properties with 2 bedrooms priced at $221,109.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $61 / sq.feet, with an average $4,246 / sq.feet price in Opelika. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 2 bedrooms with a price at $76 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $338,271 it is 50 % cheaper than the average price in Opelika. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $208,659 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $61 / sq.feet followed by "Farm" priced at $81 / sq.feet. "Condo" is the cheapest type of property with a $250 / sq.feet value followed by "Farm" with an average price of $81 / sq.feet.
