Property prices for sale in Park Rapids (Minnesota)
The prices in real estate in Park Rapids, in the Minnesota 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 Park Rapids has increased strongly during the last 6 months. In October, the average price per sq.feet was $209. In the following month the price per sq.feet increased considerably to $253. The price for the following two months in (December, January) had a considerable increment of 134 %. The price per sq.feet has had a considerable increase of 149 % 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 $270 to $401 during February, and March.
Based upon to the price in Park Rapids (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $409,529. In November This price remains at $395,298. In the following two months the average price has remained the same with regard to the previous two months from $402,413.5 to $390,827. 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 $396,620.25 and $383,230.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $380,254 they are 24 % more affordable than the average price for Park Rapids. The properties with the highest average price have 4 bedrooms, Their price is 157 % more costly than the average. After that we have properties with 3 bedrooms priced at $350,878.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $174 / sq.feet, with an average $274 / sq.feet price in Park Rapids. The properties with the highest average prices have 4 bedrooms. They are 55 % more expensive than the average followed by properties with 1 bedroom with a price at $421 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $380,254 it is 55 % cheaper than the average price in Park Rapids. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $394,758 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $108 / sq.feet followed by "House" priced at $223 / sq.feet. "Land" is the most costly type of property with a $30,478 / sq.feet cost followed by "House" with an average price of $223 / sq.feet.
