Property prices for sale in Red Lodge (Montana)
The prices in real estate in Red Lodge, in the Montana region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Red Lodge has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,894. In the following month the price per sq.feet decreased considerably to $1,668. The price for the following two months in (December, January) had a considerable decrease of 66 with regard to the prior two months. The price per sq.feet has had a considerable increase of 142 % 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 $1,897 to $2,691.5 during February, and March.
Based upon to the price in Red Lodge (cities), these have remained the same in the last 6 months. The price in October is $658,652, rising in November till $692,497. In the following two months the average price has remained the same with regard to the previous two months from $675,574.5 to $654,542.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $665,058.5 to $622,620.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $628,370 they are 31 % more affordable than the average price for Red Lodge. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at $761,762.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $411 / sq.feet, with an average $3,650 / sq.feet price in Red Lodge. The properties with the lowest average prices have 4 bedrooms. They are 3 % cheaper than the average followed by properties with 1 bedroom with a price at $880 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $628,370 it is 37 % cheaper than the average price in Red Lodge. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $798,760 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $368 / sq.feet followed by "House" priced at $1,321 / sq.feet. "Land" is the most costly type of property with a $15,557 / sq.feet cost followed by "House" with an average price of $1,321 / sq.feet.
