Property prices for sale in Prior Lake (Minnesota)
The prices in real estate in Prior Lake, in the Minnesota region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Prior Lake has fallen in the last 6 months. In November, the average price per sq.feet was $272. In the following month the price per sq.feet decreased to $239. In the following two months the price per sq.feet has barely changed, going from $255.5 to $248 per sq.feet. The price per sq.feet has increased 110 % 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 $251.75 to $276 during March, and April.
Based upon to the price in Prior Lake (cities), these have remained the same in the last 6 months. The average price for November is $819,764. During December the price had a slight fall till $733,942. During the following two months (January, February) the average price fell 94 % 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 126 % 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 $951,006 they are 80 % more affordable than the average price for Prior Lake. The properties with the lowest average price have 4 bedrooms, Their price is 34 % cheaper than the average. After that we have properties with 3 bedrooms priced at $483,538.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $198 / sq.feet, with an average $271 / sq.feet price in Prior Lake. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 4 bedrooms with a price at $215 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $951,006 it is 81 % cheaper than the average price in Prior Lake. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $394,360 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $170 / sq.feet followed by "Detached House" priced at $186 / sq.feet. "Land" is the most costly type of property with a $4,309 / sq.feet cost followed by "House" with an average price of $240 / sq.feet.
