Property prices for sale in Pekin (Illinois)
The prices in real estate in Pekin, in the Illinois 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 Pekin has increased strongly during the last 6 months. In October, the average price per sq.feet was $92. In the following month the price per sq.feet decreased to $87. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1172 % 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 $86.25 to $1,010.5 during February, and March.
Based upon to the price in Pekin (cities), these have remained the same in the last 6 months. The average price for October is $142,763. During November the price had a slight fall till $133,844. In the following two months the average price has remained the same with regard to the previous two months from $138,303.5 to $135,937.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $147,055 they are 42 % more affordable than the average price for Pekin. The properties with the highest average price have 2 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 4 bedrooms priced at $155,733.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $74 / sq.feet, with an average $1,094 / sq.feet price in Pekin. The properties with the lowest average prices have 2 bedrooms. They are 90 % cheaper than the average followed by properties with 3 bedrooms with a price at $83 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $147,055 it is 60 % cheaper than the average price in Pekin. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $164,354 it is 95 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $83 / sq.feet followed by "Detached House" priced at $86 / sq.feet. "Land" is the most costly type of property with a $48,425 / sq.feet cost followed by "Detached House" with an average price of $86 / sq.feet.
