The prices in real estate in Racine, in the Wisconsin 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 Racine has increased during the last 6 months. In October, the average price per sq.feet was $114. In November this price pretty much remained the same at a value of $113 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $113.5 to $124.5 per sq.feet. The price per sq.feet has increased 114 % 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 $119 to $136 during February, and March.
Based upon to the price in Racine (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $158,116. In November This price remains at $162,562. During the following two months (December, January) the average price had a considerable increase of 146 % 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 128 % 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 $271,877 they are 56 % more affordable than the average price for Racine. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $237,978.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $136 / sq.feet price in Racine. The properties with the highest average prices have 4 bedrooms. They are 8 % more expensive than the average followed by properties with 3 bedrooms with a price at $137 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $271,877 it is 65 % cheaper than the average price in Racine. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $120,046 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $74 / sq.feet followed by "House" priced at $116 / sq.feet. "Townhouse" is the most costly type of property with a $562 / sq.feet cost followed by "House" with an average price of $116 / sq.feet.