The prices in real estate in Rantoul, 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 Rantoul has increased strongly during the last 6 months. In April, the average price per sq.feet was $55. In the following month the price per sq.feet increased to $59. In the following two months the price per sq.feet has increased 114 %, going from $57 to $65 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 $61 to $68 during August, and September.
Based upon to the price in Rantoul (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $70,360. During May the price went through a considerable rise reaching $93,750. During the following two months (June, July) the average price had a considerable increase of 129 % 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 122 % 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 $108,396 they are 31 % more affordable than the average price for Rantoul. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at $121,050.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $60 / sq.feet, with an average $67 / sq.feet price in Rantoul. The properties with the highest average prices have 4 bedrooms. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at $78 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $108,396 it is 52 % cheaper than the average price in Rantoul. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $76,098 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $26 / sq.feet followed by "Condo" priced at $37 / sq.feet. "House" is the most costly type of property with a $71 / sq.feet cost followed by "Townhouse" with an average price of $38 / sq.feet.