The prices in real estate in Prospect Heights, 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 Prospect Heights has increased strongly during the last 6 months. In February, the average price per sq.feet was $161. In the following month the price per sq.feet increased to $184. In the following two months the price per sq.feet has increased 112 %, going from $172.5 to $193 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $182.75 to $191.5 during June y July
Based upon to the price in Prospect Heights (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $284,990. During March the price went through a considerable rise reaching $396,246. During the following two months (April, May) the price has had an average incrementation from $340,618 to $360,864. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $350,741 and $358,137.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $371,693 they are 63 % more affordable than the average price for Prospect Heights. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $383,237.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $143 / sq.feet, with an average $190 / sq.feet price in Prospect Heights. The properties with the highest average prices have 3 bedrooms. They are 18 % more expensive than the average followed by properties with 4 bedrooms with a price at $221 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $371,693 it is 54 % cheaper than the average price in Prospect Heights. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $504,735 it is 169 % 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 $69 / sq.feet followed by "Condo" priced at $145 / sq.feet. "Apartment" is the most costly type of property with a $6,370 / sq.feet cost followed by "House" with an average price of $217 / sq.feet.