The prices in real estate in Red Lodge, in the Montana 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 Red Lodge has increased strongly during the last 6 months. In April, the average price per sq.feet was $507. In the following month the price per sq.feet increased considerably to $958. The price for the following two months in (June, July) had a considerable increment of 123 %. The price per sq.feet has increased 108 % 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 $815.75 to $881 during August, and September.
Based upon to the price in Red Lodge (cities), this has gone up in the last 6 months. The price in April is $396,474, rising in May till $443,267. During the following two months (June, July) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $454,454.5 to $392,237 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $400,951 they are 51 % more affordable than the average price for Red Lodge. The properties with the highest average price have 4 bedrooms, Their price is 54 % more costly than the average. After that we have properties with 3 bedrooms priced at $511,414.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $204 / sq.feet, with an average $1,042 / sq.feet price in Red Lodge. The properties with the highest average prices have 3 bedrooms. They are 280 % more expensive than the average followed by properties with 4 bedrooms with a price at $615 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $400,951 it is 31 % cheaper than the average price in Red Lodge. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $297,650 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $505 / sq.feet followed by "Townhouse" priced at $836 / sq.feet. "House" is the most costly type of property with a $1,853 / sq.feet cost followed by "Condo" with an average price of $1,431 / sq.feet.