The prices in real estate in Red Lodge, in the Montana 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 Red Lodge has increased during the last 6 months. In September, the average price per sq.feet was $217. In October this price pretty much remained the same at a value of $215 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $216 to $234 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 $225 to $249.5 during January, and February.
Based upon to the price in Red Lodge (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $470,246. In October This price remains at $466,088. During the following two months (November, December) the average price had a considerable increase of 131 % 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 2 bedrooms are the cheapest ones. At a price of $737,945 they are 65 % more affordable than the average price for Red Lodge. The properties with the lowest average price have 4 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 3 bedrooms priced at $542,664.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $195 / sq.feet, with an average $260 / sq.feet price in Red Lodge. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $206 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $737,945 it is 42 % cheaper than the average price in Red Lodge. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $430,996 it is 32 % more affordable than the average price.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $204 / sq.feet. "House" with an average cost of $204 / sq.feet has the lowest price and would be directed at less affluent cities.