The prices in real estate in Ponca City, in the Oklahoma region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Ponca City has increased during the last 6 months. In October, the average price per sq.feet was $103. In the following month the price per sq.feet decreased to $96. In the following two months the price per sq.feet has barely changed, going from $99.5 to $103.5 per sq.feet. The price per sq.feet has had a considerable increase of 126 % 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 $101.5 to $128 during February, and March.
Based upon to the price in Ponca City (cities), these have remained the same in the last 6 months. The average price for October is $199,582. During November the price had a considerable reduction till $169,579. In the following two months the average price has remained the same with regard to the previous two months from $184,580.5 to $188,677. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $222,047 they are 66 % more affordable than the average price for Ponca City. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 1 bedroom priced at $241,700.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $58 / sq.feet, with an average $105 / sq.feet price in Ponca City. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $107 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $222,047 it is 1 % cheaper than the average price in Ponca City. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $236,849 it is 16 % 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 $98 / sq.feet followed by "Detached House" priced at $101 / sq.feet. "Land" is the most costly type of property with a $36,800 / sq.feet cost followed by "Detached House" with an average price of $101 / sq.feet.