The prices in real estate in Richton Park, in the Illinois 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 Richton Park has increased during the last 6 months. In November, the average price per sq.feet was $102. In December this price pretty much remained the same at a value of $98 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $100 to $106.5 per sq.feet. The price per sq.feet has increased 113 % 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 $103.25 to $117 during March, and April.
Based upon to the price in Richton Park (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $139,389. In December This price remains at $139,073. During the following two months (January, February) the price has had an average incrementation from $139,231 to $156,020. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 $177,100 they are 33 % more affordable than the average price for Richton Park. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $139,749.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $88 / sq.feet, with an average $117 / sq.feet price in Richton Park. The properties with the lowest average prices have 1 bedroom. They are 15 % cheaper than the average followed by properties with 3 bedrooms with a price at $96 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $177,100 it is 64 % cheaper than the average price in Richton Park. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $102,052 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $30 / sq.feet followed by "Townhouse" priced at $48 / sq.feet. "House" is the cheapest type of property with a $102 / sq.feet value followed by "Condo" with an average price of $78 / sq.feet.