The prices in real estate in Ottumwa, in the Iowa 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 Ottumwa has increased strongly during the last 6 months. In March, the average price per sq.feet was $89. In the following month the price per sq.feet increased to $100. The price for the following two months in (May, June) had a considerable increment of 120 %. The price per sq.feet has increased 109 % 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 to $113 during July, and August.
Based upon to the price in Ottumwa (cities), this has gone up considerably in the last 6 months. The price in March is $133,073, rising in April till $148,341. During the following two months (May, June) the price has had an average incrementation from $140,707 to $161,469.5. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $176,660 they are 68 % more affordable than the average price for Ottumwa. The properties with the lowest average price have 3 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 4 bedrooms priced at $115,948.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $47 / sq.feet, with an average $111 / sq.feet price in Ottumwa. The properties with the lowest average prices have 2 bedrooms. They are 37 % cheaper than the average followed by properties with 3 bedrooms with a price at $67 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $176,660 it is 37 % cheaper than the average price in Ottumwa. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $111,855 it is 25 % 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 $46 / sq.feet followed by "House" priced at $70 / sq.feet. "House" is the cheapest type of property with a $70 / sq.feet value followed by "Detached House" with an average price of $46 / sq.feet.