The prices in real estate in Prospect Heights, in the Illinois region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Prospect Heights has remained the same in the last 6 months. In April, the average price per sq.feet was $201. In May this price pretty much remained the same at a value of $198 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $199.5 to $202.5 per sq.feet. The price per sq.feet has increased 111 % 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 $201 to $223 during August, and September.
Based upon to the price in Prospect Heights (cities), this has gone downing the last 6 months. The average price for April is $480,962. During May the price had a slight fall till $437,184. During the following two months (June, July) the average price had a considerable reduction of 80 % 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 119 % 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 $454,044 they are 75 % more affordable than the average price for Prospect Heights. The properties with the highest average price have 4 bedrooms, Their price is 69 % more costly than the average. After that we have properties with 3 bedrooms priced at $440,611.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $158 / sq.feet, with an average $220 / sq.feet price in Prospect Heights. The properties with the highest average prices have 3 bedrooms. They are 10 % more expensive than the average followed by properties with 4 bedrooms with a price at $231 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $454,044 it is 59 % cheaper than the average price in Prospect Heights. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial Property". At a price of $243,582 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $55 / sq.feet followed by "Condo" priced at $167 / sq.feet. "Apartment" is the most costly type of property with a $223 / sq.feet cost followed by "House" with an average price of $176 / sq.feet.