The prices in real estate in Oquawka, in the Illinois 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 Oquawka has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $118. In the following month the price per sq.feet decreased to $111. The price for the following two months in (February, March) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 $104.25 to $75.5 during April, and May.
Based upon to the price in Oquawka (cities), this has fallen considerably in the last 6 months. The average price for December is $133,531. During January the price had a slight fall till $122,180. During the following two months (February, March) the average price fell 93 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $123,379.5 to $91,725, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $85,758 they are 32 % more affordable than the average price for Oquawka. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 34 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $72 / sq.feet, with an average $71 / sq.feet price in Oquawka. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 15 % more costly than the average value aforementioned.