The prices in real estate in Ottumwa, in the Iowa region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Ottumwa has fallen in the last 6 months. In July, the average price per sq.feet was $92. In August this price pretty much remained the same at a value of $92 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $92 to $91 per sq.feet. The price per sq.feet has had a considerable deflation of 73 % 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 $91.5 to $67 during November, and December.
Based upon to the price in Ottumwa (cities), this has gone downing the last 6 months. The average price for July is $142,295. During August the price had a slight fall till $133,249. In the following two months the average price has remained the same with regard to the previous two months from $137,772 to $135,838. During the last two months the average price has had a strong fall compared to the previous four going from $136,805 to $107,262.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $113,563 they are 20 % more expensive than the average price for Ottumwa. Following this ranking we find those properties with 1 at an average price of $137,667. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 2 bedrooms priced at $139,031.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $50 / sq.feet, with an average $68 / sq.feet price in Ottumwa. The properties with the highest average prices have 1 bedroom. They are 119 % more expensive than the average followed by properties with 2 bedrooms with a price at $89 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most costly one. At an cost of $113,563 it is 0 % more expensive than the average price in Ottumwa. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Detached House". At a price of $113,896 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $64 / sq.feet followed by "House" priced at $93 / sq.feet. "House" is the most costly type of property with a $93 / sq.feet cost followed by "Detached House" with an average price of $64 / sq.feet.