The prices in real estate in Ottumwa, in the Iowa 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 Ottumwa has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $59. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 624 % 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 $14.75 to $92 during July, and August.
Based upon to the price in Ottumwa (cities), this has fallen considerably in the last 6 months. The average price for March is $89,398. During April the price had a considerable reduction till . During the following two months (May, June) the average price had a considerable reduction of 0 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 616 % 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 $133,249 they are 43 % more affordable than the average price for Ottumwa. The properties with the highest average price have 3 bedrooms, Their price is 54 % more costly than the average. After that we have properties with 4 bedrooms priced at $204,733.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $75 / sq.feet, with an average $92 / sq.feet price in Ottumwa. The properties with the highest average prices have 3 bedrooms. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $102 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $133,249 it is 14 % cheaper than the average price in Ottumwa. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $114,356 it is 4 % 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 $68 / sq.feet followed by "House" priced at $96 / sq.feet. "House" is the most costly type of property with a $96 / sq.feet cost followed by "Detached House" with an average price of $68 / sq.feet.