The prices in real estate in Peoria, 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 Peoria has increased strongly during the last 6 months. In January, the average price per sq.feet was $63. In February this price pretty much remained the same at a value of $66 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from $64.5 to $70.5 per sq.feet. The price per sq.feet has had a considerable increase of 173 % 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 $67.5 to $116.5 during May, and June.
Based upon to the price in Peoria (cities), this has gone up considerably in the last 6 months. The price in January is $126,435, rising in February till $136,647. During the following two months (March, April) the average price had a considerable increase of 116 % 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 346 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $531,504 they are 77 % more affordable than the average price for Peoria. The properties with the highest average price have 1 bedroom, Their price is 49 % more costly than the average. After that we have properties with 4 bedrooms priced at $489,516.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $74 / sq.feet, with an average $117 / sq.feet price in Peoria. The properties with the highest average prices have 1 bedroom. They are 623 % more expensive than the average followed by properties with 3 bedrooms with a price at $116 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $531,504 it is 89 % cheaper than the average price in Peoria. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $135,422 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $47 / sq.feet followed by "Apartment" priced at $60 / sq.feet. "House" is the cheapest type of property with a $111 / sq.feet value followed by "Apartment" with an average price of $60 / sq.feet.